Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Update

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 238,172 shares, a decline of 40.1% from the February 26th total of 397,347 shares. Based on an average daily volume of 724,222 shares, the days-to-cover ratio is presently 0.3 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 2.2%

Shares of NYSE:EDD traded down $0.12 on Friday, hitting $5.21. The company had a trading volume of 501,902 shares, compared to its average volume of 494,241. The firm’s 50-day simple moving average is $5.81 and its two-hundred day simple moving average is $5.58. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1 year low of $4.28 and a 1 year high of $6.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 10.8%. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, March 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% in the 1st quarter. Royal Bank of Canada now owns 184,201 shares of the investment management company’s stock worth $866,000 after acquiring an additional 3,503 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 7.3% during the first quarter. NewEdge Advisors LLC now owns 50,392 shares of the investment management company’s stock valued at $237,000 after purchasing an additional 3,442 shares in the last quarter. Cetera Investment Advisers grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 17.8% in the second quarter. Cetera Investment Advisers now owns 21,505 shares of the investment management company’s stock worth $110,000 after purchasing an additional 3,254 shares during the period. XTX Topco Ltd purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter worth $280,000. Finally, J.W. Cole Advisors Inc. bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter worth $54,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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.