Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.42 and traded as high as $5.54. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.5050, with a volume of 252,171 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.3%

The stock’s fifty day simple moving average is $5.42 and its 200-day simple moving average is $5.31.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 9.4%. The ex-dividend date is Friday, December 19th. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.9% in the third quarter. Evergreen Capital Management LLC now owns 3,376,960 shares of the investment management company’s stock valued at $18,568,000 after acquiring an additional 96,306 shares during the period. Bank of America Corp DE boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 1,811,414 shares of the investment management company’s stock valued at $9,745,000 after purchasing an additional 26,889 shares during the period. Penserra Capital Management LLC grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 1,767,917 shares of the investment management company’s stock worth $9,051,000 after purchasing an additional 52,258 shares during the last quarter. Invesco Ltd. grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,195,425 shares of the investment management company’s stock worth $6,431,000 after purchasing an additional 82,301 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 36.4% during the 3rd quarter. Raymond James Financial Inc. now owns 695,996 shares of the investment management company’s stock worth $3,744,000 after purchasing an additional 185,677 shares during the period.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.