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 growth in short interest in July. As of July 31st, there was short interest totaling 1,320,453 shares, a growth of 78.3% from the July 15th total of 740,674 shares. Based on an average daily volume of 536,663 shares, the short-interest ratio is currently 2.5 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

NYSE EDD traded down $0.01 during trading on Tuesday, hitting $5.88. 86,105 shares of the company traded hands, compared to its average volume of 441,669. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12 month low of $4.96 and a 12 month high of $6.18. The business has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $5.69.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rareview Capital LLC raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% in the first quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock valued at $4,909,000 after purchasing an additional 242,712 shares during the period. Fiera Capital Corp lifted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 23.3% in the fourth quarter. Fiera Capital Corp now owns 513,930 shares of the investment management company’s stock worth $2,791,000 after buying an additional 96,967 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.6% during the 4th quarter. Royal Bank of Canada now owns 181,715 shares of the investment management company’s stock worth $986,000 after buying an additional 2,936 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 135.1% during the 4th quarter. Cetera Investment Advisers now owns 182,569 shares of the investment management company’s stock worth $991,000 after buying an additional 104,925 shares during the period. Finally, Invesco Ltd. grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 0.9% in the 4th quarter. Invesco Ltd. now owns 1,206,318 shares of the investment management company’s stock valued at $6,550,000 after buying an additional 10,893 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.