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

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD)’s share price was down 0.3% on Tuesday . The company traded as low as $7.30 and last traded at $7.32. Approximately 66,384 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 110,111 shares. The stock had previously closed at $7.34.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

The stock has a 50-day simple moving average of $7.43 and a 200-day simple moving average of $7.55.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend was Tuesday, September 30th.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of Morgan Stanley Emerging Markets Debt Fund by 1.1% in the 2nd quarter. Bank of America Corp DE now owns 174,977 shares of the company’s stock valued at $1,353,000 after purchasing an additional 1,904 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 5.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 45,137 shares of the company’s stock valued at $333,000 after buying an additional 2,134 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 274,912 shares of the company’s stock valued at $2,125,000 after purchasing an additional 3,611 shares during the last quarter. Kovack Advisors Inc. increased its position in Morgan Stanley Emerging Markets Debt Fund by 9.5% in the first quarter. Kovack Advisors Inc. now owns 43,157 shares of the company’s stock worth $347,000 after buying an additional 3,750 shares during the period. Finally, SVB Wealth LLC bought a new stake in Morgan Stanley Emerging Markets Debt Fund in the 1st quarter valued at about $31,000.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income 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 primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.