Wolverine Asset Management LLC Sells 92,707 Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)

Wolverine Asset Management LLC lessened its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) by 74.6% in the second quarter, HoldingsChannel.com reports. The fund owned 31,630 shares of the investment management company’s stock after selling 92,707 shares during the period. Wolverine Asset Management LLC’s holdings in Morgan Stanley Emerging Markets Domestic Debt Fund were worth $144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PenderFund Capital Management Ltd. lifted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 2.0% during the fourth quarter. PenderFund Capital Management Ltd. now owns 987,746 shares of the investment management company’s stock valued at $4,603,000 after purchasing an additional 19,828 shares during the last quarter. Bridge Advisory LLC lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.6% during the 2nd quarter. Bridge Advisory LLC now owns 664,607 shares of the investment management company’s stock worth $3,031,000 after acquiring an additional 29,483 shares during the last quarter. Matisse Capital grew its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 156.1% in the first quarter. Matisse Capital now owns 360,825 shares of the investment management company’s stock worth $1,714,000 after acquiring an additional 219,950 shares in the last quarter. Bulldog Investors LLP increased its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 6.1% in the fourth quarter. Bulldog Investors LLP now owns 162,390 shares of the investment management company’s stock valued at $757,000 after acquiring an additional 9,380 shares during the last quarter. Finally, StoneX Group Inc. purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter valued at about $712,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 0.2 %

EDD opened at $4.91 on Friday. The stock has a 50-day moving average price of $4.86 and a 200-day moving average price of $4.74. Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. has a 12-month low of $4.22 and a 12-month high of $5.06.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date of this dividend was Friday, June 28th.

Morgan Stanley Emerging Markets Domestic Debt Fund Profile

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.