Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Decreases By 77.0%

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 17,700 shares, a decline of 77.0% from the December 31st total of 76,900 shares. Based on an average trading volume of 204,900 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock valued at $44,000 after acquiring an additional 4,411 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Western Asset Emerging Markets Debt Fund in the third quarter valued at $104,000. Mission Hills Financial Advisory LLC bought a new position in Western Asset Emerging Markets Debt Fund during the 4th quarter worth $108,000. Jane Street Group LLC bought a new position in Western Asset Emerging Markets Debt Fund during the 3rd quarter worth $192,000. Finally, EP Wealth Advisors LLC acquired a new position in Western Asset Emerging Markets Debt Fund during the 2nd quarter worth about $216,000. 33.05% of the stock is currently owned by institutional investors.

Western Asset Emerging Markets Debt Fund Stock Down 0.2 %

Shares of EMD stock traded down $0.02 on Wednesday, reaching $9.78. The company had a trading volume of 190,312 shares, compared to its average volume of 176,128. The business’s 50-day moving average is $9.84 and its 200 day moving average is $9.87. Western Asset Emerging Markets Debt Fund has a one year low of $8.89 and a one year high of $10.33.

Western Asset Emerging Markets Debt Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 27th will be paid a $0.0875 dividend. This represents a dividend yield of 10.66%. The ex-dividend date of this dividend is Friday, January 24th.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.