Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Sees Large Growth in Short Interest

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 24,474 shares, an increase of 97.8% from the February 26th total of 12,375 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 113,578 shares, the short-interest ratio is presently 0.2 days.

Morgan Stanley Emerging Markets Debt Fund Trading Down 2.1%

NYSE:MSD traded down $0.16 during midday trading on Friday, reaching $7.10. The company had a trading volume of 152,543 shares, compared to its average volume of 98,357. Morgan Stanley Emerging Markets Debt Fund has a 12-month low of $6.91 and a 12-month high of $8.20. The stock’s fifty day simple moving average is $7.63 and its 200-day simple moving average is $7.48.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Tuesday, March 31st.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

A number of large investors have recently made changes to their positions in MSD. Millennium Management LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund in the fourth quarter valued at approximately $83,000. Cetera Investment Advisers purchased a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the 4th quarter valued at approximately $85,000. Evolve Private Wealth LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the 4th quarter valued at $106,000. Brookstone Capital Management raised its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 36.9% in the 3rd quarter. Brookstone Capital Management now owns 15,385 shares of the company’s stock valued at $113,000 after purchasing an additional 4,149 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth $147,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.