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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 52,300 shares, a decline of 34.0% from the December 15th total of 79,300 shares. Based on an average daily volume of 266,700 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Several large investors have recently made changes to their positions in EDD. Private Advisor Group LLC lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 8.1% in the second quarter. Private Advisor Group LLC now owns 151,050 shares of the investment management company’s stock valued at $689,000 after acquiring an additional 11,300 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.4% during the 2nd quarter. Moors & Cabot Inc. now owns 85,359 shares of the investment management company’s stock worth $389,000 after acquiring an additional 10,116 shares in the last quarter. Pekin Hardy Strauss Inc. increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 124,000 shares of the investment management company’s stock valued at $565,000 after acquiring an additional 11,000 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,687,281 shares of the investment management company’s stock valued at $12,616,000 after acquiring an additional 237,111 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock worth $39,000 after purchasing an additional 6,615 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 1.4 %

EDD stock opened at $4.48 on Wednesday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12-month low of $4.34 and a 12-month high of $5.20. The company has a 50 day moving average of $4.58 and a two-hundred day moving average of $4.78.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 14.29%. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 13th.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.