Short Interest in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Rises By 78.3%

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,320,453 shares, an increase of 78.3% from the July 15th total of 740,674 shares. Based on an average daily volume of 536,663 shares, the short-interest ratio is presently 2.5 days.

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

A number of large investors have recently made changes to their positions in the stock. Rareview Capital LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% during the first quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock valued at $4,909,000 after acquiring an additional 242,712 shares in the last quarter. &PARTNERS purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter worth approximately $1,070,000. Raymond James Financial Inc. boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 36.4% in the 3rd 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 period. Millennium Management LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at $732,000. Finally, Cetera Investment Advisers grew its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 135.1% during the 4th 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 in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.1%

EDD traded up $0.01 on Monday, hitting $5.78. The company’s stock had a trading volume of 18,598 shares, compared to its average volume of 443,000. The company’s 50 day simple moving average is $5.79 and its 200-day simple moving average is $5.69. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12 month low of $4.96 and a 12 month high of $6.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.24 per share. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.96 annualized dividend and a dividend yield of 16.6%. The ex-dividend date was Tuesday, June 30th.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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.