Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Crosses Below 200-Day Moving Average – What’s Next?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.78 and traded as low as $4.44. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.48, with a volume of 135,475 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.2 %

The stock has a fifty day moving average of $4.60 and a 200-day moving average of $4.78.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 14.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EDD. Sanctuary Advisors LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at $46,000. Virtu Financial LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at $72,000. Jane Street Group LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at $130,000. Penserra Capital Management LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth about $9,267,000. Finally, Avior Wealth Management LLC boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 15.8% during the 3rd quarter. Avior Wealth Management LLC now owns 58,813 shares of the investment management company’s stock worth $296,000 after acquiring an additional 8,018 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.