Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Stock Short Interest Report for September

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 432,494 shares, a decline of 42.7% from the September 15th total of 754,851 shares. Based on an average daily volume of 381,021 shares, the short-interest ratio is currently 1.1 days.

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

Several institutional investors have recently bought and sold shares of EDD. Kaizen Financial Strategies boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 11.7% during the 3rd quarter. Kaizen Financial Strategies now owns 132,501 shares of the investment management company’s stock worth $697,000 after acquiring an additional 13,885 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at approximately $91,000. HighTower Advisors LLC lifted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.7% in the second quarter. HighTower Advisors LLC now owns 254,694 shares of the investment management company’s stock worth $1,498,000 after buying an additional 4,239 shares during the last quarter. Readystate Asset Management LP acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter worth $194,000. Finally, Rareview Capital LLC lifted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.3% during the 2nd quarter. Rareview Capital LLC now owns 1,048,147 shares of the investment management company’s stock worth $6,163,000 after acquiring an additional 89,374 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of NYSE:EDD traded up $0.17 during midday trading on Thursday, hitting $5.38. 651,022 shares of the stock were exchanged, compared to its average volume of 423,413. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52-week low of $4.96 and a 52-week high of $6.18. The business’s fifty day simple moving average is $5.71 and its two-hundred day simple moving average is $5.65.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a drop from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.24. This represents a $0.84 annualized dividend and a yield of 15.6%.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end investment fund managed by Morgan Stanley Investment Management. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in debt securities issued in the domestic markets of emerging-market countries.

Its portfolio may include local-currency government bonds, sovereign and government-related obligations, and debt issued by corporations and other entities in emerging economies.