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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 237,342 shares, a decrease of 14.7% from the March 31st total of 278,400 shares. Based on an average daily trading volume, of 468,170 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter valued at about $50,000. Joel Isaacson & Co. LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter valued at about $54,000. US Bancorp DE purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter valued at about $54,000. Accredited Investor Services LLC boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 21.7% in the third quarter. Accredited Investor Services LLC now owns 12,573 shares of the investment management company’s stock valued at $68,000 after purchasing an additional 2,244 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 22.3% in the third quarter. J.W. Cole Advisors Inc. now owns 12,798 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 2,333 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of NYSE EDD traded up $0.03 on Friday, hitting $5.65. The company had a trading volume of 141,781 shares, compared to its average volume of 474,937. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12-month low of $4.81 and a 12-month high of $6.18. The business has a 50 day moving average of $5.57 and a two-hundred day moving average of $5.58.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is a positive change 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 9.9%.

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.