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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.67 and traded as high as $6.12. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $6.0950, with a volume of 312,887 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

The company has a fifty day simple moving average of $5.67 and a 200-day simple moving average of $5.46.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 19th were issued a dividend of $0.13 per share. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Several institutional investors and hedge funds have recently bought and sold shares of EDD. Evergreen Capital Management LLC boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% in the fourth quarter. Evergreen Capital Management LLC now owns 3,441,903 shares of the investment management company’s stock worth $19,131,000 after buying an additional 64,943 shares during the period. Bank of America Corp DE lifted its position in shares of 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 acquiring an additional 26,889 shares in the last quarter. Penserra Capital Management LLC boosted its stake 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 period. Invesco Ltd. grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 7.4% during 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 in the last quarter. Finally, Rareview Capital LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 10.6% during the 4th quarter. Rareview Capital LLC now owns 716,061 shares of the investment management company’s stock valued at $3,666,000 after purchasing an additional 68,628 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.