Short Interest in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Decreases By 21.7%

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 397,347 shares, a decline of 21.7% from the February 12th total of 507,566 shares. Based on an average daily trading volume, of 326,562 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 326,562 shares, the days-to-cover ratio is presently 1.2 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of NYSE:EDD traded up $0.12 during mid-day trading on Monday, reaching $5.60. The stock had a trading volume of 290,528 shares, compared to its average volume of 513,215. The firm has a 50 day simple moving average of $5.84 and a two-hundred day simple moving average of $5.57. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $4.28 and a twelve month high of $6.18.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Evergreen Capital Management LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% in the 4th quarter. Evergreen Capital Management LLC now owns 3,441,903 shares of the investment management company’s stock worth $19,131,000 after purchasing an additional 64,943 shares during the period. Beacon Pointe Advisors LLC boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 5.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,177,402 shares of the investment management company’s stock worth $11,823,000 after buying an additional 104,818 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 1,811,414 shares of the investment management company’s stock valued at $9,745,000 after acquiring an additional 26,889 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,206,318 shares of the investment management company’s stock valued at $6,550,000 after acquiring an additional 10,893 shares in the last quarter. Finally, Rareview Capital LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 10.6% in the fourth quarter. Rareview Capital LLC now owns 716,061 shares of the investment management company’s stock valued at $3,666,000 after acquiring an additional 68,628 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.