Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 39,200 shares, a decline of 37.3% from the April 30th total of 62,500 shares. Based on an average trading volume of 314,500 shares, the days-to-cover ratio is currently 0.1 days.
NYSE:EDD opened at $4.69 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12-month low of $4.39 and a 12-month high of $6.35. The business has a 50 day simple moving average of $4.69 and a 200 day simple moving average of $5.17.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.36 dividend on an annualized basis and a yield of 7.68%.
A number of large investors have recently added to or reduced their stakes in EDD. Citigroup Inc. boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 44.4% during the 3rd quarter. Citigroup Inc. now owns 5,775 shares of the investment management company’s stock worth $34,000 after acquiring an additional 1,775 shares during the period. Advisor Group Holdings Inc. boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 2.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 79,549 shares of the investment management company’s stock worth $436,000 after acquiring an additional 1,978 shares during the period. National Asset Management Inc. boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 5.7% during the 4th quarter. National Asset Management Inc. now owns 37,870 shares of the investment management company’s stock worth $208,000 after acquiring an additional 2,044 shares during the period. Walleye Trading LLC boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 7.4% during the 4th quarter. Walleye Trading LLC now owns 33,722 shares of the investment management company’s stock worth $185,000 after acquiring an additional 2,316 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 10.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 27,865 shares of the investment management company’s stock worth $153,000 after acquiring an additional 2,556 shares during the period.
Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile (Get Rating)
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.