Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Sees Large Drop in Short Interest

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 432,494 shares, a decline of 42.7% from the September 15th total of 754,851 shares. Based on an average trading volume of 381,021 shares, the short-interest ratio is presently 1.1 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

Shares of EDD traded up $0.03 during mid-day trading on Friday, hitting $5.41. The company’s stock had a trading volume of 380,182 shares, compared to its average volume of 423,526. The firm has a 50-day moving average price of $5.68 and a 200 day moving average price of $5.65. Morgan Stanley Emerging Markets Domestic Debt Fund has a fifty-two week low of $4.96 and a fifty-two week high of $6.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.21 dividend. This is a decrease from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.24. This represents a $0.84 annualized dividend and a dividend yield of 15.5%. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Opinicus Capital Inc. bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter worth $51,000. Citadel Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 2nd quarter worth $91,000. Noble Wealth Management PBC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 580.0% in the 2nd quarter. Noble Wealth Management PBC now owns 17,000 shares of the investment management company’s stock worth $100,000 after acquiring an additional 14,500 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the second quarter worth $101,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the first quarter worth $150,000.

About Morgan Stanley Emerging Markets Domestic Debt Fund

(Get Free Report)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end investment fund managed by Morgan Stanley Investment Management. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in debt securities issued in the domestic markets of emerging-market countries.

Its portfolio may include local-currency government bonds, sovereign and government-related obligations, and debt issued by corporations and other entities in emerging economies.

See Also

Receive News & Ratings for Morgan Stanley Emerging Markets Domestic Debt Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley Emerging Markets Domestic Debt Fund and related companies with MarketBeat.com's FREE daily email newsletter.