Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Up 0.7% – Here’s Why

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD)’s share price shot up 0.7% during trading on Monday. The company traded as high as $6.91 and last traded at $6.89. 45,737 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 92,827 shares. The stock had previously closed at $6.84.

Morgan Stanley Emerging Markets Debt Fund Trading Down 1.1%

The firm’s 50 day simple moving average is $6.87 and its two-hundred day simple moving average is $7.27.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 8.5%. This is a drop from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, September 30th.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Several hedge funds and other institutional investors have recently modified their holdings of MSD. Dynamic Advisor Solutions LLC increased its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 3.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 49,899 shares of the company’s stock worth $364,000 after acquiring an additional 1,633 shares during the period. Private Advisor Group LLC lifted its position in Morgan Stanley Emerging Markets Debt Fund by 21.6% in the 1st quarter. Private Advisor Group LLC now owns 12,651 shares of the company’s stock valued at $89,000 after purchasing an additional 2,246 shares during the last quarter. Csenge Advisory Group boosted its stake in Morgan Stanley Emerging Markets Debt Fund by 22.4% during the 3rd quarter. Csenge Advisory Group now owns 17,413 shares of the company’s stock valued at $117,000 after purchasing an additional 3,181 shares during the period. Fifth Third Bancorp acquired a new position in Morgan Stanley Emerging Markets Debt Fund during the 1st quarter valued at about $28,000. Finally, Noble Wealth Management PBC acquired a new position in Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter valued at about $34,000.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) is a closed-end investment fund that seeks to provide current income and, secondarily, capital appreciation by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations. The fund may invest in securities denominated in both U.S. dollars and local currencies. Its portfolio can include sovereign bonds, emerging-market corporate debt and other fixed-income instruments, with exposure generally spanning developing regions in Latin America, Asia, Europe, Africa and the Middle East.