Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Up 15.3% in December

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDDGet Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 79,300 shares, an increase of 15.3% from the November 30th total of 68,800 shares. Based on an average daily volume of 266,000 shares, the days-to-cover ratio is currently 0.3 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 2.7 %

NYSE EDD opened at $4.54 on Wednesday. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $4.34 and a one year high of $5.20. The stock has a 50-day moving average of $4.62 and a 200 day moving average of $4.79.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 14.10%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock worth $39,000 after purchasing an additional 6,615 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at $46,000. Virtu Financial LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth $72,000. Pinkerton Retirement Specialists LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter worth $71,000. Finally, Jane Street Group LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at $130,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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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.

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