Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMDGet Rating) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 25,400 shares, an increase of 69.3% from the April 15th total of 15,000 shares. Based on an average trading volume of 410,200 shares, the days-to-cover ratio is presently 0.1 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EMD. First Trust Advisors LP increased its stake in Western Asset Emerging Markets Debt Fund by 5.5% in the first quarter. First Trust Advisors LP now owns 229,611 shares of the company’s stock valued at $3,132,000 after purchasing an additional 12,009 shares during the last quarter. Morgan Stanley increased its stake in Western Asset Emerging Markets Debt Fund by 3.3% in the second quarter. Morgan Stanley now owns 3,245,849 shares of the company’s stock valued at $45,474,000 after purchasing an additional 104,015 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Western Asset Emerging Markets Debt Fund by 4.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,344 shares of the company’s stock valued at $263,000 after purchasing an additional 892 shares during the last quarter. Raymond James & Associates increased its stake in Western Asset Emerging Markets Debt Fund by 5.2% in the third quarter. Raymond James & Associates now owns 145,143 shares of the company’s stock valued at $1,974,000 after purchasing an additional 7,139 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Western Asset Emerging Markets Debt Fund in the third quarter valued at $171,000.

NYSE EMD opened at $9.37 on Friday. Western Asset Emerging Markets Debt Fund has a fifty-two week low of $9.28 and a fifty-two week high of $14.30. The business has a fifty day moving average of $10.03 and a 200-day moving average of $11.63.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 23rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.53%.

Western Asset Emerging Markets Debt Fund Company Profile (Get Rating)

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.

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