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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 97,000 shares, a growth of 30.4% from the February 28th total of 74,400 shares. Based on an average daily volume of 261,100 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

A number of hedge funds have recently made changes to their positions in EDD. Evergreen Capital Management LLC increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 25.9% in the 4th quarter. Evergreen Capital Management LLC now owns 3,599,524 shares of the investment management company’s stock valued at $16,911,000 after purchasing an additional 741,480 shares in the last quarter. GraniteShares Advisors LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth about $2,493,000. Raymond James Financial Inc. acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter valued at about $2,204,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter valued at about $2,124,000. Finally, Pathstone Holdings LLC lifted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.0% during the 4th quarter. Pathstone Holdings LLC now owns 4,795,139 shares of the investment management company’s stock worth $21,844,000 after acquiring an additional 396,007 shares in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 2.8 %

EDD traded down $0.14 on Monday, reaching $4.71. 299,954 shares of the company’s stock were exchanged, compared to its average volume of 247,976. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $4.34 and a twelve month high of $5.20. The company’s 50 day moving average is $4.77 and its 200-day moving average is $4.73.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 13.60%. The ex-dividend date of this dividend is Monday, March 31st.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.