Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Up 80.7% in September

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 310,600 shares, an increase of 80.7% from the September 15th total of 171,900 shares. Based on an average daily trading volume, of 288,300 shares, the days-to-cover ratio is currently 1.1 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.4 %

NYSE:EDD opened at $4.95 on Monday. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $4.24 and a one year high of $5.20. The firm’s 50 day simple moving average is $4.98 and its 200 day simple moving average is $4.79.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 10.91%.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 4.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 98,466 shares of the investment management company’s stock worth $468,000 after buying an additional 3,837 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth approximately $61,000. Bridge Advisory LLC boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 31.8% in the first quarter. Bridge Advisory LLC now owns 635,124 shares of the investment management company’s stock valued at $3,017,000 after acquiring an additional 153,121 shares during the last quarter. Private Advisor Group LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 7.8% during the 1st quarter. Private Advisor Group LLC now owns 139,750 shares of the investment management company’s stock valued at $664,000 after purchasing an additional 10,153 shares during the period. Finally, Matisse Capital increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 156.1% during the 1st quarter. Matisse Capital now owns 360,825 shares of the investment management company’s stock valued at $1,714,000 after purchasing an additional 219,950 shares during the period.

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.