Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Sees Sharp Rise in Short-Term Interest

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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) was the target of strong short-term interest growth in June. As of June 30, there were short interests totaling 196,000 shares, a growth of 424.1% from the total of 37,400 shares as of June 15. Based on an average trading volume of 214,700 shares, the short-term interest rate ratio is currently 0.9 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Institutional Trading

Several hedge funds and other institutional investors have recently bought and sold shares of EDD. Virtu Financial LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during Q1 worth $52,000. CTC Capital Management LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during Q4, valued at $90,000. Guggenheim Capital LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during Q1 valued at $131,000. Raymond James Financial Services Advisors Inc. increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 10.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 27,865 shares of the investment management firm valued at $153,000 after purchasing an additional 2,556 shares during the period. Finally, National Asset Management Inc. increased its holdings in the Morgan Stanley Emerging Markets Domestic Debt Fund by 5.7% during the fourth quarter. National Asset Management Inc. now owns 37,870 shares of the investment management company valued at $208,000 after purchasing an additional 2,044 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock up 0.7%

EDD shares opened at $4.25 on Friday. The Morgan Stanley Emerging Markets Domestic Debt Fund has a 1-year low of $4.19 and a 1-year high of $6.33. The company’s 50-day simple moving average is $4.51 and its 200-day simple moving average is $4.90.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividends

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Thursday, June 30 received a dividend of $0.07 per share. The ex-dividend date was Wednesday, June 29. This represents an annualized dividend of $0.28 and a dividend yield of 6.59%.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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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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