Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.59 and traded as low as $5.52. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.5550, with a volume of 243,736 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The firm has a 50 day moving average price of $5.54 and a 200 day moving average price of $5.59.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.14 per share. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Tuesday, March 31st.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDD. Rareview Capital LLC grew its stake in 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 valued at $4,909,000 after purchasing an additional 242,712 shares during the last quarter. &PARTNERS purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter valued at about $1,070,000. Raymond James Financial Inc. grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 36.4% in the third quarter. Raymond James Financial Inc. now owns 695,996 shares of the investment management company’s stock valued at $3,744,000 after purchasing an additional 185,677 shares during the last quarter. Millennium Management LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter valued at about $732,000. Finally, Cetera Investment Advisers grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 135.1% in the fourth quarter. Cetera Investment Advisers now owns 182,569 shares of the investment management company’s stock valued at $991,000 after purchasing an additional 104,925 shares during the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.