Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Down 39.9% in March

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 92,990 shares, a decrease of 39.9% from the March 15th total of 154,751 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 296,037 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its holdings in Western Asset Emerging Markets Debt Fund by 177.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 36,760 shares of the company’s stock valued at $391,000 after purchasing an additional 23,491 shares in the last quarter. Papamarkou Wellner Asset Management inc. boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 32.0% in the fourth quarter. Papamarkou Wellner Asset Management inc. now owns 26,400 shares of the company’s stock valued at $281,000 after acquiring an additional 6,400 shares during the period. Evolve Private Wealth LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at approximately $124,000. Guggenheim Capital LLC boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 16.4% in the fourth quarter. Guggenheim Capital LLC now owns 448,049 shares of the company’s stock valued at $4,763,000 after acquiring an additional 63,113 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 5.3% in the fourth quarter. Cetera Investment Advisers now owns 49,295 shares of the company’s stock valued at $524,000 after acquiring an additional 2,494 shares during the period. 33.05% of the stock is owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Down 0.0%

Shares of EMD opened at $10.44 on Monday. The stock has a 50 day moving average price of $10.59 and a 200 day moving average price of $10.59. Western Asset Emerging Markets Debt Fund has a 52-week low of $8.66 and a 52-week high of $11.30.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.095 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Thursday, May 21st.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.