Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Short Interest Down 53.5% in May

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Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD – Get Rating) benefited from a significant drop in short interest in May. As of May 31, there was short interest totaling 15,400 shares, down 53.5% from the May 15 total of 33,100 shares. Based on an average daily trading volume of 72,100 shares, the short-term interest rate ratio is currently 0.2 days.

NYSE:MSD shares opened at $7.09 on Friday. The Morgan Stanley Emerging Markets Debt Fund has a 1-year low of $6.92 and a 1-year high of $9.70. The company has a 50-day moving average price of $7.30 and a 200-day moving average price of $8.09.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14. Investors of record on Thursday, March 31 received a dividend of $0.12. This represents a dividend of $0.48 on an annualized basis and a yield of 6.77%. The ex-dividend date was Wednesday, March 30.

Institutional investors have recently been buying and selling shares of the stock. Concourse Financial Group Securities Inc. increased its stake in Morgan Stanley Emerging Markets Debt Fund by 5.9% in Q4. Concourse Financial Group Securities Inc. now owns 28,736 shares of the company worth $263,000 after purchasing an additional 1,594 shares during the period. SFI Advisors LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund in Q4 for a value of approximately $182,000. Segantii Capital Management Ltd acquired a new stake in Morgan Stanley Emerging Markets Debt Fund in Q4 for a value of approximately $598,000. Fiera Capital Corp raised its position in Morgan Stanley Emerging Markets Debt Fund by 2.9% in the fourth quarter. Fiera Capital Corp now owns 64,257 shares of the company worth $579,000 after purchasing an additional 1,820 shares last quarter. Finally, Round Rock Advisors LLC bought a new equity position in the Morgan Stanley Emerging Markets Debt Fund during Q4, valued at $1,096,000. 46.16% of the shares are held by hedge funds and other institutional investors.

Morgan Stanley Emerging Markets Debt Fund Company Profile (Get a rating)

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed-end bond fund launched and managed by Morgan Stanley Investment Management Inc. The fund invests in emerging market debt markets worldwide. It invests primarily in debt securities of government and government-related issuers, entities organized to restructure the outstanding debt of such issuers and debt securities of issuers of companies in or organized under the laws of emerging countries.

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