Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Trading 0.3% Higher – Here’s Why

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) shot up 0.3% on Friday . The company traded as high as $7.35 and last traded at $7.33. Approximately 49,684 shares changed hands during trading, a decline of 18% from the average daily volume of 60,372 shares. The stock had previously closed at $7.31.

Morgan Stanley Emerging Markets Debt Fund Trading Up 0.3%

The company’s fifty day moving average price is $7.30 and its 200-day moving average price is $7.42.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.15 per share. This is a boost from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 8.2%.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter worth $28,000. Global Retirement Partners LLC bought a new position in Morgan Stanley Emerging Markets Debt Fund in the 2nd quarter worth about $33,000. Noble Wealth Management PBC bought a new position in Morgan Stanley Emerging Markets Debt Fund in the 2nd quarter worth about $34,000. Millennium Management LLC purchased a new stake in Morgan Stanley Emerging Markets Debt Fund during the 4th quarter valued at about $83,000. Finally, Cetera Investment Advisers purchased a new stake in Morgan Stanley Emerging Markets Debt Fund during the 4th quarter valued at about $85,000.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.