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 growth in short interest in the month of December. As of December 15th, there was short interest totalling 79,300 shares, a growth of 15.3% from the November 30th total of 68,800 shares. Based on an average daily trading volume, of 266,000 shares, the days-to-cover ratio is presently 0.3 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Morgan Stanley Emerging Markets Domestic Debt Fund stock opened at $4.54 on Wednesday. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $4.34 and a one year high of $5.20. The business has a fifty day moving average of $4.62 and a two-hundred day moving average of $4.79.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a $0.16 dividend. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 14.10%.

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

Several institutional investors have recently modified their holdings of EDD. Private Advisor Group LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.4% in 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 during the last quarter. Bridge Advisory LLC boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.7% in the 3rd quarter. Bridge Advisory LLC now owns 682,472 shares of the investment management company’s stock worth $3,440,000 after buying an additional 17,865 shares in the last quarter. Shaker Financial Services LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 109.6% in the 2nd quarter. Shaker Financial Services LLC now owns 145,672 shares of the investment management company’s stock valued at $684,000 after acquiring an additional 76,165 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at about $46,000. Finally, Evergreen Capital Management LLC increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,687,281 shares of the investment management company’s stock valued at $12,616,000 after acquiring an additional 237,111 shares in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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.