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 target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 128,998 shares, a drop of 45.6% from the April 15th total of 237,342 shares. Based on an average daily trading volume, of 289,560 shares, the days-to-cover ratio is currently 0.4 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 2.6%

NYSE EDD traded down $0.15 during trading hours on Friday, reaching $5.43. The company’s stock had a trading volume of 269,926 shares, compared to its average volume of 458,617. The firm has a fifty day simple moving average of $5.49 and a 200-day simple moving average of $5.60. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52 week low of $4.82 and a 52 week high of $6.18.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.14 dividend. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 10.3%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDD. Global Retirement Partners LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter worth approximately $50,000. Opinicus Capital Inc. bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter worth approximately $51,000. Joel Isaacson & Co. LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth approximately $54,000. US Bancorp DE bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth approximately $54,000. Finally, J.W. Cole Advisors Inc. raised its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 22.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,798 shares of the investment management company’s stock worth $69,000 after purchasing an additional 2,333 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.