Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Sees Significant Decrease in Short Interest

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 27,100 shares, a drop of 59.7% from the February 28th total of 67,200 shares. Based on an average daily volume of 221,100 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

A number of institutional investors and hedge funds have recently modified their holdings of EMD. Allworth Financial LP acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth $38,000. Putney Financial Group LLC purchased a new position in Western Asset Emerging Markets Debt Fund in the 4th quarter worth about $46,000. Anfield Capital Management LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth about $56,000. Mission Hills Financial Advisory LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth about $108,000. Finally, Vivaldi Capital Management LP purchased a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at about $161,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of EMD traded down $0.05 during mid-day trading on Friday, hitting $9.81. The company’s stock had a trading volume of 186,886 shares, compared to its average volume of 196,994. The firm has a 50-day moving average price of $9.85 and a 200 day moving average price of $9.89. Western Asset Emerging Markets Debt Fund has a fifty-two week low of $8.89 and a fifty-two week high of $10.33.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date is Monday, March 24th. This represents a yield of 10.92%.

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.