Short Interest in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Increases By 258.4%

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 538,193 shares, a growth of 258.4% from the June 15th total of 150,154 shares. Based on an average trading volume of 497,353 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EDD. Global Retirement Partners LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at $50,000. Opinicus Capital Inc. purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the first quarter valued at $51,000. US Bancorp DE bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at approximately $54,000. Citadel Advisors LLC increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 56.2% in the third quarter. Citadel Advisors LLC now owns 17,593 shares of the investment management company’s stock worth $95,000 after purchasing an additional 6,327 shares in the last quarter. Finally, Noble Wealth Management PBC raised its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 580.0% during the second quarter. Noble Wealth Management PBC now owns 17,000 shares of the investment management company’s stock valued at $100,000 after acquiring an additional 14,500 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

EDD stock traded up $0.12 during midday trading on Tuesday, hitting $5.89. The stock had a trading volume of 625,979 shares, compared to its average volume of 442,111. The business has a 50-day moving average of $5.61 and a two-hundred day moving average of $5.65. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52-week low of $4.96 and a 52-week high of $6.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 16.3%. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, June 30th.

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.