Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 256,574 shares, a growth of 99.7% from the July 15th total of 128,485 shares. Based on an average trading volume of 189,486 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the company’s shares are sold short.
Western Asset Emerging Markets Debt Fund Price Performance
Shares of NYSE:EMD traded up $0.12 during trading on Monday, hitting $10.57. The company had a trading volume of 175,038 shares, compared to its average volume of 212,889. Western Asset Emerging Markets Debt Fund has a one year low of $9.60 and a one year high of $11.30. The company has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $10.61.
Western Asset Emerging Markets Debt Fund Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.095 per share. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Wednesday, September 23rd. This is a boost from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.03.
Institutional Inflows and Outflows
Western Asset Emerging Markets Debt Fund Company Profile
Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.
EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.
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