Short Interest in Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Increases By 97.8%

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) was the recipient of a significant increase in short interest during the month of 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. Based on an average daily trading volume, of 113,578 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

MSD stock traded down $0.16 during trading on Friday, hitting $7.10. The company had a trading volume of 152,543 shares, compared to its average volume of 98,357. The firm has a 50-day moving average price of $7.63 and a 200-day moving average price of $7.48. Morgan Stanley Emerging Markets Debt Fund has a 1-year low of $6.91 and a 1-year high of $8.20.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in Morgan Stanley Emerging Markets Debt Fund by 1.1% in the second quarter. Bank of America Corp DE now owns 174,977 shares of the company’s stock valued at $1,353,000 after acquiring an additional 1,904 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 4.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 47,049 shares of the company’s stock worth $348,000 after purchasing an additional 1,912 shares during the period. Comprehensive Money Management Services LLC grew its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 2.9% during the 4th quarter. Comprehensive Money Management Services LLC now owns 86,225 shares of the company’s stock worth $637,000 after purchasing an additional 2,450 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 74,744 shares of the company’s stock valued at $551,000 after purchasing an additional 3,001 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 20.9% in the 4th quarter. Brookstone Capital Management now owns 18,605 shares of the company’s stock valued at $137,000 after purchasing an additional 3,220 shares in the last quarter.

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.