Short Interest in Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Rises By 47.6%

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 21,627 shares, a growth of 47.6% from the November 30th total of 14,656 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 97,157 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 97,157 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

Shares of MSD traded down $0.01 during mid-day trading on Monday, hitting $7.43. The company’s stock had a trading volume of 257,966 shares, compared to its average volume of 92,358. The firm has a 50-day moving average price of $7.36 and a 200 day moving average price of $7.48. Morgan Stanley Emerging Markets Debt Fund has a fifty-two week low of $6.91 and a fifty-two week high of $8.32.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 19th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, December 19th.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Brookstone Capital Management acquired a new position in Morgan Stanley Emerging Markets Debt Fund during the second quarter valued at $87,000. Maridea Wealth Management LLC purchased a new position in Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter valued at about $225,000. Dynamic Advisor Solutions LLC grew its stake in Morgan Stanley Emerging Markets Debt Fund by 5.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 45,137 shares of the company’s stock valued at $333,000 after acquiring an additional 2,134 shares in the last quarter. Kovack Advisors Inc. increased its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 16.4% in the 2nd quarter. Kovack Advisors Inc. now owns 50,252 shares of the company’s stock valued at $388,000 after purchasing an additional 7,095 shares during the period. Finally, Smith Asset Management Co. LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter worth approximately $544,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.