Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 27,100 shares, a decline of 59.7% from the February 28th total of 67,200 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 221,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Several large investors have recently made changes to their positions in the company. Pathstone Holdings LLC boosted its holdings in Western Asset Emerging Markets Debt Fund by 15.6% in the fourth quarter. Pathstone Holdings LLC now owns 2,431,764 shares of the company’s stock worth $23,415,000 after acquiring an additional 327,811 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Western Asset Emerging Markets Debt Fund by 85.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,461,685 shares of the company’s stock worth $14,061,000 after purchasing an additional 674,337 shares during the period. Cercano Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth approximately $11,364,000. Invesco Ltd. lifted its holdings in shares of Western Asset Emerging Markets Debt Fund by 12.3% in the 4th quarter. Invesco Ltd. now owns 1,074,495 shares of the company’s stock worth $10,337,000 after purchasing an additional 117,651 shares in the last quarter. Finally, LPL Financial LLC grew its position in Western Asset Emerging Markets Debt Fund by 34.7% in the 4th quarter. LPL Financial LLC now owns 791,328 shares of the company’s stock valued at $7,613,000 after purchasing an additional 204,050 shares during the period. 33.05% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Down 0.5 %

Shares of Western Asset Emerging Markets Debt Fund stock traded down $0.05 during trading on Friday, reaching $9.81. 186,886 shares of the company traded hands, compared to its average volume of 196,994. Western Asset Emerging Markets Debt Fund has a 1-year low of $8.89 and a 1-year high of $10.33. The company has a 50 day moving average price of $9.85 and a 200-day moving average price of $9.89.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend yield of 10.92%.

About Western Asset Emerging Markets Debt Fund

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.