Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Down 46.0% in April

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 95,400 shares, a drop of 46.0% from the March 31st total of 176,800 shares. Based on an average daily trading volume, of 261,000 shares, the short-interest ratio is presently 0.4 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

NYSE EDD opened at $4.79 on Tuesday. Morgan Stanley Emerging Markets Domestic Debt Fund has a fifty-two week low of $4.28 and a fifty-two week high of $5.20. The stock’s 50-day moving average is $4.71 and its two-hundred day moving average is $4.67.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 31st. This represents a $0.64 annualized dividend and a yield of 13.38%.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth about $130,000. Virtu Financial LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at approximately $72,000. Sanctuary Advisors LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth approximately $46,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth approximately $48,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 18.5% during the fourth quarter. Private Advisor Group LLC now owns 185,084 shares of the investment management company’s stock worth $840,000 after buying an additional 28,834 shares during 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.