Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Drops By 77.0%

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 17,700 shares, a decline of 77.0% from the December 15th total of 76,900 shares. Based on an average trading volume of 204,900 shares, the short-interest ratio is presently 0.1 days.

Western Asset Emerging Markets Debt Fund Trading Down 0.3 %

Shares of Western Asset Emerging Markets Debt Fund stock traded down $0.03 during trading hours on Tuesday, reaching $9.63. 140,834 shares of the company’s stock were exchanged, compared to its average volume of 152,229. The company has a 50 day moving average of $9.84 and a two-hundred day moving average of $9.84. Western Asset Emerging Markets Debt Fund has a fifty-two week low of $8.88 and a fifty-two week high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.0875 dividend. The ex-dividend date is Friday, January 24th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EMD. Pathstone Holdings LLC lifted its stake in Western Asset Emerging Markets Debt Fund by 6.4% in the 3rd quarter. Pathstone Holdings LLC now owns 2,103,953 shares of the company’s stock valued at $21,419,000 after purchasing an additional 125,714 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the third quarter valued at approximately $4,833,000. Advisors Asset Management Inc. lifted its position in shares of Western Asset Emerging Markets Debt Fund by 36.1% in the third quarter. Advisors Asset Management Inc. now owns 403,477 shares of the company’s stock valued at $4,107,000 after buying an additional 106,948 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 5.7% during the 2nd quarter. Cetera Investment Advisers now owns 286,130 shares of the company’s stock worth $2,664,000 after acquiring an additional 15,473 shares during the period. Finally, Ariadne Wealth Management LP acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter worth approximately $1,022,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.