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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDDGet Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 262,100 shares, agrowthof51.1% from the June 30th total of 173,500 shares. Based on an average daily volume of 310,600 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 310,600 shares, the days-to-cover ratio is currently 0.8 days.

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

A number of large investors have recently bought and sold shares of EDD. Accredited Investor Services LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at about $53,000. EP Wealth Advisors LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at about $53,000. Nwam LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 2nd quarter valued at about $75,000. Cetera Investment Advisers increased its holdings in 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 purchasing an additional 3,254 shares during the period. Finally, GM Advisory Group LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at about $132,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of NYSE EDD opened at $5.28 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1-year low of $4.28 and a 1-year high of $5.33. The stock’s 50-day moving average is $5.12 and its 200 day moving average is $4.89.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.12 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 9.1%.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

(Get Free Report)

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.

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