Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Sees Large Growth in Short Interest

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 79,300 shares, an increase of 15.3% from the November 30th total of 68,800 shares. Based on an average trading volume of 266,000 shares, the days-to-cover ratio is presently 0.3 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.7 %

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund stock traded up $0.03 on Monday, hitting $4.42. The stock had a trading volume of 184,987 shares, compared to its average volume of 244,384. The stock’s 50-day simple moving average is $4.63 and its two-hundred day simple moving average is $4.79. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $4.34 and a one year high of $5.20.

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. Stockholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 14.48%. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 13th.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of institutional investors have recently modified their holdings of EDD. Northwestern Mutual Wealth Management Co. raised its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 6,615 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $46,000. Virtu Financial LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $72,000. Pinkerton Retirement Specialists LLC bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at $71,000. Finally, Jane Street Group LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at $130,000.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.