Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.76 and traded as low as $4.72. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.76, with a volume of 324,620 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The company’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $4.76.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were given a $0.16 dividend. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 13.35%.

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

Several large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at $46,000. One Capital Management LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth about $46,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth approximately $48,000. Virtu Financial LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at approximately $72,000. Finally, Independent Advisor Alliance purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at approximately $117,000.

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.