Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Sees Significant Growth in Short Interest

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 97,000 shares, a growth of 30.4% from the February 28th total of 74,400 shares. Based on an average trading volume of 261,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EDD. Evergreen Capital Management LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 25.9% during the 4th quarter. Evergreen Capital Management LLC now owns 3,599,524 shares of the investment management company’s stock valued at $16,911,000 after purchasing an additional 741,480 shares in the last quarter. GraniteShares Advisors LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter worth about $2,493,000. Raymond James Financial Inc. acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth about $2,204,000. Rockefeller Capital Management L.P. bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter valued at approximately $2,124,000. Finally, Pathstone Holdings LLC increased its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.0% during the fourth quarter. Pathstone Holdings LLC now owns 4,795,139 shares of the investment management company’s stock valued at $21,844,000 after acquiring an additional 396,007 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 1.4 %

Morgan Stanley Emerging Markets Domestic Debt Fund stock traded up $0.07 during trading on Tuesday, reaching $4.77. 219,545 shares of the company’s stock were exchanged, compared to its average volume of 248,228. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52-week low of $4.34 and a 52-week high of $5.20. The company’s 50-day moving average is $4.77 and its two-hundred day moving average is $4.73.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 13.43%. The ex-dividend date of this dividend is Monday, March 31st.

Morgan Stanley Emerging Markets Domestic Debt Fund Company 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.