Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Up 30.4% in March

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 97,000 shares, a growth of 30.4% from the February 28th total of 74,400 shares. Based on an average trading volume of 261,100 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. One Capital Management LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter valued at $46,000. Sanctuary Advisors LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter valued at about $46,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter worth about $48,000. Virtu Financial LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth about $72,000. Finally, Independent Advisor Alliance acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at about $117,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.4 %

Shares of NYSE:EDD traded down $0.02 during mid-day trading on Wednesday, reaching $4.74. 417,043 shares of the stock were exchanged, compared to its average volume of 239,286. The stock’s 50 day simple moving average is $4.77 and its 200-day simple moving average is $4.73. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $4.34 and a one year high of $5.20.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 13.50%. The ex-dividend date of this dividend is Monday, March 31st.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.