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 recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 128,998 shares, a drop of 45.6% from the April 15th total of 237,342 shares. Based on an average daily volume of 289,560 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC grew its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 3,376,960 shares of the investment management company’s stock worth $18,568,000 after buying an additional 96,306 shares during the period. Kestra Private Wealth Services LLC grew its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 5.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 84,423 shares of the investment management company’s stock worth $458,000 after buying an additional 4,139 shares during the period. Rareview Capital LLC grew its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 10.6% during the 4th quarter. Rareview Capital LLC now owns 716,061 shares of the investment management company’s stock worth $3,666,000 after buying an additional 68,628 shares during the period. Shaker Financial Services LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter worth approximately $405,000. Finally, Stratos Wealth Partners LTD. bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth approximately $167,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 2.6%

Morgan Stanley Emerging Markets Domestic Debt Fund stock traded down $0.15 during mid-day trading on Friday, hitting $5.43. 269,926 shares of the stock were exchanged, compared to its average volume of 458,617. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12 month low of $4.82 and a 12 month high of $6.18. The firm’s fifty day simple moving average is $5.49 and its two-hundred day simple moving average is $5.60.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.14 per share. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 10.3%.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.