Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Shares Break Below 200 Day Moving Average – Time to Sell?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $5.66 and traded as low as $5.32. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.3750, with a volume of 309,438 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The firm’s 50 day moving average price is $5.64 and its two-hundred day moving average price is $5.66.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 15.7%. The ex-dividend date was Wednesday, September 30th. This is a decrease from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.24.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

A number of large investors have recently modified their holdings of EDD. Evergreen Capital Management LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.8% in the third quarter. Evergreen Capital Management LLC now owns 3,572,870 shares of the investment management company’s stock valued at $19,539,000 after purchasing an additional 64,392 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 7.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 74,838 shares of the investment management company’s stock worth $394,000 after purchasing an additional 5,030 shares in the last quarter. New England Private Wealth Advisors LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.0% during the 3rd quarter. New England Private Wealth Advisors LLC now owns 64,255 shares of the investment management company’s stock worth $338,000 after purchasing an additional 2,474 shares in the last quarter. Kaizen Financial Strategies boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 11.7% in the 3rd quarter. Kaizen Financial Strategies now owns 132,501 shares of the investment management company’s stock valued at $697,000 after buying an additional 13,885 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 2nd quarter valued at approximately $91,000.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end investment fund managed by Morgan Stanley Investment Management. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in debt securities issued in the domestic markets of emerging-market countries.

Its portfolio may include local-currency government bonds, sovereign and government-related obligations, and debt issued by corporations and other entities in emerging economies.