Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.73 and traded as low as $5.10. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.22, with a volume of 534,820 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 2.4%

The firm’s 50-day moving average price is $5.73 and its two-hundred day moving average price is $5.56.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.14 dividend. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 10.7%.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Several institutional investors and hedge funds have recently bought and sold shares of EDD. Accredited Investor Services LLC boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 21.7% during the 3rd quarter. Accredited Investor Services LLC now owns 12,573 shares of the investment management company’s stock worth $68,000 after acquiring an additional 2,244 shares in the last quarter. HighTower Advisors LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 0.9% in the 3rd quarter. HighTower Advisors LLC now owns 268,955 shares of the investment management company’s stock valued at $1,447,000 after acquiring an additional 2,307 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 22.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,798 shares of the investment management company’s stock valued at $69,000 after acquiring an additional 2,333 shares during the last quarter. Royal Bank of Canada lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.6% in the 4th quarter. Royal Bank of Canada now owns 181,715 shares of the investment management company’s stock valued at $986,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.5% in the 2nd quarter. Cresset Asset Management LLC now owns 91,741 shares of the investment management company’s stock valued at $481,000 after purchasing an additional 3,085 shares in the last quarter.

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.