Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Shares Cross Below 200-Day Moving Average – What’s Next?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.61 and traded as low as $5.46. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.4650, with a volume of 425,201 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

The stock’s 50-day moving average price is $5.47 and its 200 day moving average price is $5.61.

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 given a $0.14 dividend. 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 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend was Tuesday, March 31st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% in the 1st quarter. Royal Bank of Canada now owns 184,201 shares of the investment management company’s stock worth $866,000 after buying an additional 3,503 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 7.3% during the 1st quarter. NewEdge Advisors LLC now owns 50,392 shares of the investment management company’s stock valued at $237,000 after acquiring an additional 3,442 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 17.8% during the 2nd quarter. Cetera Investment Advisers now owns 21,505 shares of the investment management company’s stock valued at $110,000 after acquiring an additional 3,254 shares during the last quarter. Invesco Ltd. raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 8.2% during the 2nd quarter. Invesco Ltd. now owns 1,113,124 shares of the investment management company’s stock valued at $5,699,000 after acquiring an additional 84,810 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 3.5% during the 2nd quarter. Cresset Asset Management LLC now owns 91,741 shares of the investment management company’s stock valued at $481,000 after acquiring an additional 3,085 shares during the last quarter.

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.