Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Update

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDDGet Free Report) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 128,998 shares, a decrease of 45.6% from the April 15th total of 237,342 shares. Based on an average daily trading volume, of 289,560 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at $50,000. US Bancorp DE acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at $54,000. Joel Isaacson & Co. LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at $54,000. Opinicus Capital Inc. acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 1st quarter valued at $51,000. Finally, J.W. Cole Advisors Inc. increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 22.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,798 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 2,333 shares in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 0.7%

Shares of EDD stock traded down $0.04 on Monday, reaching $5.37. 189,107 shares of the stock were exchanged, compared to its average volume of 455,750. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1-year low of $4.84 and a 1-year high of $6.18. The firm has a 50 day moving average of $5.48 and a two-hundred day moving average of $5.60.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.14 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 10.4%. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.

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