Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Shares Pass Below Two Hundred Day Moving Average of $4.65

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.65 and traded as low as $4.60. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.60, with a volume of 154,404 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The stock’s 50 day simple moving average is $4.65 and its two-hundred day simple moving average is $4.65.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date was Wednesday, March 27th.

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

A number of hedge funds have recently modified their holdings of the stock. Alexander Randolph Advisory Inc. acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at $7,094,000. Raymond James & Associates boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 33.2% in the 4th quarter. Raymond James & Associates now owns 1,498,408 shares of the investment management company’s stock valued at $6,983,000 after purchasing an additional 373,157 shares in the last quarter. PenderFund Capital Management Ltd. grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.0% in the 4th quarter. PenderFund Capital Management Ltd. now owns 987,746 shares of the investment management company’s stock worth $4,603,000 after purchasing an additional 19,828 shares during the last quarter. Bridge Advisory LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 31.8% during the 1st quarter. Bridge Advisory LLC now owns 635,124 shares of the investment management company’s stock worth $3,017,000 after purchasing an additional 153,121 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 157.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 616,129 shares of the investment management company’s stock valued at $2,680,000 after purchasing an additional 376,720 shares during the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.