Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 34,500 shares, a growth of 12.0% from the May 31st total of 30,800 shares. Based on an average daily volume of 179,800 shares, the short-interest ratio is currently 0.2 days.

Western Asset Emerging Markets Debt Fund Stock Up 0.2 %

EMD stock traded up $0.02 during trading on Monday, reaching $9.33. The company had a trading volume of 233,302 shares, compared to its average volume of 208,992. The firm has a 50-day simple moving average of $9.32 and a 200-day simple moving average of $9.25. Western Asset Emerging Markets Debt Fund has a twelve month low of $7.85 and a twelve month high of $9.67.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a dividend of $0.0845 per share. This represents a $1.01 dividend on an annualized basis and a yield of 10.87%. The ex-dividend date is Friday, August 23rd.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

A number of institutional investors have recently bought and sold shares of the business. Ironsides Asset Advisors LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 8.2% during the 1st quarter. Ironsides Asset Advisors LLC now owns 25,942 shares of the company’s stock valued at $249,000 after purchasing an additional 1,971 shares in the last quarter. Comerica Bank increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 9.5% during the 1st quarter. Comerica Bank now owns 29,655 shares of the company’s stock valued at $285,000 after purchasing an additional 2,573 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 20.9% during the 1st quarter. Uncommon Cents Investing LLC now owns 15,600 shares of the company’s stock valued at $150,000 after purchasing an additional 2,700 shares in the last quarter. Gould Asset Management LLC CA increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 8.4% during the 1st quarter. Gould Asset Management LLC CA now owns 38,985 shares of the company’s stock valued at $375,000 after purchasing an additional 3,020 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 55.4% during the 4th quarter. National Bank of Canada FI now owns 8,819 shares of the company’s stock valued at $81,000 after purchasing an additional 3,143 shares in the last quarter. 33.05% of the stock is owned by hedge funds and other institutional investors.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.