Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Update

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 128,998 shares, a decline of 45.6% from the April 15th total of 237,342 shares. Based on an average daily volume of 289,560 shares, the days-to-cover ratio is presently 0.4 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.7%

NYSE EDD traded down $0.04 on Monday, reaching $5.37. The stock had a trading volume of 189,107 shares, compared to its average volume of 455,750. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12-month low of $4.84 and a 12-month high of $6.18. The stock has a fifty day moving average price of $5.48 and a two-hundred day moving average price of $5.60.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.14 per share. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend was Tuesday, March 31st.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% during the fourth quarter. Evergreen Capital Management LLC now owns 3,441,903 shares of the investment management company’s stock worth $19,131,000 after acquiring an additional 64,943 shares during the period. Beacon Pointe Advisors LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 5.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,177,402 shares of the investment management company’s stock worth $11,823,000 after acquiring an additional 104,818 shares during the period. Bank of America Corp DE increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% during the third quarter. Bank of America Corp DE now owns 1,811,414 shares of the investment management company’s stock worth $9,745,000 after acquiring an additional 26,889 shares during the period. Invesco Ltd. increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 0.9% during the fourth quarter. Invesco Ltd. now owns 1,206,318 shares of the investment management company’s stock worth $6,550,000 after acquiring an additional 10,893 shares during the period. Finally, Rareview Capital LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% during the first quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock worth $4,909,000 after acquiring an additional 242,712 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.