Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Brief Interest Update

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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) benefited from a significant decline in short interest during the month of May. As of May 31, there was short interest totaling 28,600 shares, down 27.0% from the May 15 total of 39,200 shares. Based on an average trading volume of 290,700 shares, the short-term interest rate ratio is currently 0.1 day.

A number of hedge funds and other institutional investors have recently changed their positions in the company. Saba Capital Management LP bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during Q1 for a value of approximately $5,736,000. Credit Suisse AG acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter for a value of $2,740,000. HighTower Advisors LLC bought a new stake in Morgan Stanley’s Emerging Markets Domestic Debt Fund in the fourth quarter, valued at $2,732,000. Bank of America Corp DE increased its holdings of shares in the Morgan Stanley Emerging Markets Domestic Debt Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 4,445,626 shares of the investment management company valued at $22,183,000 after purchasing an additional 475,934 shares during the period. Finally, Tortoise Investment Management LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 99.2% in the 1st quarter. Tortoise Investment Management LLC now owns 898,152 shares of the investment management company valued at $4,482,000 after purchasing an additional 447,316 shares in the last quarter.

NYSE:EDD fell $0.02 on Friday, hitting $4.43. The company had a trading volume of 5,000 shares, compared to an average volume of 267,101. The Morgan Stanley Emerging Markets Domestic Debt Fund has a 52-week low of $4.39 and a 52-week high of 6, $33. The company has a 50-day moving average of $4.62 and a 200-day moving average of $5.06.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14. Investors of record on Thursday, March 31 received a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.36 and a yield of 8.13%.

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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed-end bond mutual fund launched and managed by Morgan Stanley Investment Management Inc. The fund invests in emerging market debt markets worldwide. It generally invests in government bonds denominated in the local currencies of emerging markets.

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