Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Sees Significant Drop in Short Interest

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 192,370 shares, a drop of 30.0% from the December 31st total of 274,986 shares. Based on an average trading volume of 475,463 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 475,463 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

A number of institutional investors have recently modified their holdings 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 valued at $19,131,000 after purchasing an additional 64,943 shares during the period. Bank of America Corp DE raised its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% during 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 in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of 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 buying an additional 52,258 shares during the period. Invesco Ltd. grew its position in shares of 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 buying an additional 82,301 shares in the last quarter. Finally, Rareview Capital LLC increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 10.6% during the fourth quarter. Rareview Capital LLC now owns 716,061 shares of the investment management company’s stock valued at $3,666,000 after buying an additional 68,628 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 0.9%

EDD stock opened at $5.84 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $4.28 and a twelve month high of $5.94. The business’s fifty day simple moving average is $5.61 and its two-hundred day simple moving average is $5.42.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, December 19th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Friday, December 19th. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12.

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.