Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Trading Up 0.3% – Here’s Why

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) shares rose 0.3% on Monday . The company traded as high as $7.33 and last traded at $7.31. Approximately 41,488 shares traded hands during trading, a decline of 2% from the average session volume of 42,417 shares. The stock had previously closed at $7.29.

Morgan Stanley Emerging Markets Debt Fund Trading Down 0.4%

The business’s fifty day moving average price is $7.30 and its 200 day moving average price is $7.38.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 8.3%. This is an increase from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.14.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in Morgan Stanley Emerging Markets Debt Fund in the first quarter valued at $28,000. Global Retirement Partners LLC bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the second quarter valued at $33,000. Noble Wealth Management PBC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the 2nd quarter valued at $34,000. 49 Wealth Management LLC bought a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the 2nd quarter worth about $81,000. Finally, Millennium Management LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth about $83,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.