Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 150,642 shares, a growth of 44.9% from the December 15th total of 103,985 shares. Based on an average daily trading volume, of 274,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 274,600 shares, the short-interest ratio is presently 0.5 days.

Western Asset Emerging Markets Debt Fund Price Performance

Western Asset Emerging Markets Debt Fund stock traded up $0.05 during midday trading on Friday, hitting $10.76. 222,191 shares of the company’s stock were exchanged, compared to its average volume of 233,736. The stock has a 50-day moving average price of $10.66 and a two-hundred day moving average price of $10.42. Western Asset Emerging Markets Debt Fund has a 52-week low of $8.56 and a 52-week high of $10.97.

Western Asset Emerging Markets Debt Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 10.6%.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter valued at $116,000. Level Four Advisory Services LLC grew its holdings in Western Asset Emerging Markets Debt Fund by 8.9% in the 2nd quarter. Level Four Advisory Services LLC now owns 13,615 shares of the company’s stock worth $137,000 after acquiring an additional 1,115 shares during the last quarter. Gries Financial LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund in the third quarter valued at about $144,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Western Asset Emerging Markets Debt Fund during the second quarter valued at about $153,000. Finally, Wedbush Securities Inc. raised its stake in shares of Western Asset Emerging Markets Debt Fund by 4.6% during the second quarter. Wedbush Securities Inc. now owns 22,725 shares of the company’s stock valued at $228,000 after acquiring an additional 1,000 shares during the last quarter. 33.05% of the stock is currently owned by institutional investors.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.