Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,320,453 shares, a growth of 78.3% from the July 15th total of 740,674 shares. Based on an average trading volume of 536,663 shares, the short-interest ratio is presently 2.5 days.
Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund
A number of hedge funds have recently bought and sold shares of EDD. Rareview Capital LLC increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% in the first quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock worth $4,909,000 after buying an additional 242,712 shares during the period. Fiera Capital Corp boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 23.3% during the 4th quarter. Fiera Capital Corp now owns 513,930 shares of the investment management company’s stock valued at $2,791,000 after buying an additional 96,967 shares during the period. Burford Brothers Inc. purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at $248,000. Kestra Private Wealth Services LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 87,568 shares of the investment management company’s stock worth $444,000 after acquiring an additional 3,145 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 44.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 93,815 shares of the investment management company’s stock worth $476,000 after acquiring an additional 28,815 shares during the last quarter.
Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.1%
EDD traded up $0.01 during trading on Monday, reaching $5.78. The stock had a trading volume of 18,598 shares, compared to its average volume of 443,000. The business has a 50-day moving average of $5.79 and a 200-day moving average of $5.69. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $4.96 and a one year high of $6.18.
Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend
Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile
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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