Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Price Passes Below 200 Day Moving Average of $4.65

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.65 and traded as low as $4.60. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.60, with a volume of 154,404 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.4 %

The firm’s 50-day simple moving average is $4.65 and its 200 day simple moving average is $4.65.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend was Wednesday, March 27th.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Hedge funds have recently added to or reduced their stakes in the business. Alexander Randolph Advisory Inc. acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at $7,094,000. Raymond James & Associates raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2,839.0% during the 3rd quarter. Raymond James & Associates now owns 1,125,251 shares of the investment management company’s stock worth $4,794,000 after buying an additional 1,086,964 shares in the last quarter. Bridge Advisory LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter worth approximately $2,246,000. Evergreen Capital Management LLC boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 157.4% in the third quarter. Evergreen Capital Management LLC now owns 616,129 shares of the investment management company’s stock valued at $2,680,000 after acquiring an additional 376,720 shares in the last quarter. Finally, Almitas Capital LLC increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 68.3% during the third quarter. Almitas Capital LLC now owns 548,796 shares of the investment management company’s stock valued at $2,338,000 after acquiring an additional 222,674 shares during the period.

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.