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 drop in short interest in the month of February. As of February 15th, there was short interest totalling 76,700 shares, a drop of 51.5% from the January 31st total of 158,300 shares. Based on an average trading volume of 254,800 shares, the days-to-cover ratio is presently 0.3 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 0.4 %

Shares of NYSE:EDD traded down $0.02 on Friday, reaching $4.79. The company had a trading volume of 304,511 shares, compared to its average volume of 235,423. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52-week low of $4.34 and a 52-week high of $5.20. The firm’s 50 day simple moving average is $4.63 and its 200-day simple moving average is $4.76.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a $0.16 dividend. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 13.35%.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of institutional investors have recently made changes to their positions in EDD. Penserra Capital Management LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth $9,267,000. Evergreen Capital Management LLC boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 25.9% in the 4th quarter. Evergreen Capital Management LLC now owns 3,599,524 shares of the investment management company’s stock worth $16,911,000 after purchasing an additional 741,480 shares in the last quarter. GraniteShares Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter worth $2,493,000. Pathstone Holdings LLC boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.6% in the 3rd quarter. Pathstone Holdings LLC now owns 4,399,132 shares of the investment management company’s stock worth $22,174,000 after purchasing an additional 527,452 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter worth $2,204,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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.