Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Update

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 76,700 shares, a decrease of 51.5% from the January 31st total of 158,300 shares. Based on an average daily volume of 254,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of EDD. Private Advisor Group LLC boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 3.4% during the third quarter. Private Advisor Group LLC now owns 156,250 shares of the investment management company’s stock valued at $788,000 after purchasing an additional 5,200 shares in the last quarter. Comerica Bank boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 26.2% during the 4th quarter. Comerica Bank now owns 28,970 shares of the investment management company’s stock worth $132,000 after buying an additional 6,010 shares during the period. Avior Wealth Management LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 15.8% during the 3rd quarter. Avior Wealth Management LLC now owns 58,813 shares of the investment management company’s stock worth $296,000 after acquiring an additional 8,018 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth approximately $46,000. Finally, One Capital Management LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at approximately $46,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

NYSE:EDD traded down $0.02 on Monday, hitting $4.77. The company had a trading volume of 253,669 shares, compared to its average volume of 235,879. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52 week low of $4.34 and a 52 week high of $5.20. The firm has a 50 day moving average of $4.63 and a two-hundred day moving average of $4.76.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 13.42%. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 13th.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.