Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 27,100 shares, a decrease of 59.7% from the February 28th total of 67,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 221,100 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds have recently modified their holdings of the business. Samalin Investment Counsel LLC boosted its holdings in Western Asset Emerging Markets Debt Fund by 2.7% in the fourth quarter. Samalin Investment Counsel LLC now owns 42,246 shares of the company’s stock valued at $406,000 after acquiring an additional 1,124 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Western Asset Emerging Markets Debt Fund by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 106,669 shares of the company’s stock worth $1,086,000 after purchasing an additional 1,190 shares during the last quarter. Comerica Bank lifted its position in shares of Western Asset Emerging Markets Debt Fund by 8.6% in the 4th quarter. Comerica Bank now owns 23,035 shares of the company’s stock worth $222,000 after purchasing an additional 1,815 shares during the period. Moloney Securities Asset Management LLC boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 4.0% in the 4th quarter. Moloney Securities Asset Management LLC now owns 54,745 shares of the company’s stock valued at $527,000 after purchasing an additional 2,107 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Western Asset Emerging Markets Debt Fund by 3.9% during the fourth quarter. D.A. Davidson & CO. now owns 76,013 shares of the company’s stock worth $731,000 after buying an additional 2,862 shares during the period. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of Western Asset Emerging Markets Debt Fund stock traded down $0.05 on Friday, hitting $9.81. The stock had a trading volume of 186,886 shares, compared to its average volume of 196,994. The stock has a 50 day moving average of $9.85 and a 200 day moving average of $9.89. Western Asset Emerging Markets Debt Fund has a twelve month low of $8.89 and a twelve month high of $10.33.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.09 per share. This represents a dividend yield of 10.92%. The ex-dividend date is Monday, March 24th.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.