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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 374,891 shares, a growth of 94.9% from the January 15th total of 192,370 shares. Based on an average daily volume of 608,339 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 608,339 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% in the fourth quarter. Evergreen Capital Management LLC now owns 3,441,903 shares of the investment management company’s stock valued at $19,131,000 after purchasing an additional 64,943 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 1,811,414 shares of the investment management company’s stock valued at $9,745,000 after buying an additional 26,889 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 1,767,917 shares of the investment management company’s stock valued at $9,051,000 after buying an additional 52,258 shares during the period. Invesco Ltd. boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 7.4% in the third quarter. Invesco Ltd. now owns 1,195,425 shares of the investment management company’s stock worth $6,431,000 after buying an additional 82,301 shares during the last quarter. Finally, Rareview Capital LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 10.6% during the fourth quarter. Rareview Capital LLC now owns 716,061 shares of the investment management company’s stock worth $3,666,000 after acquiring an additional 68,628 shares during the period.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.9%

NYSE:EDD traded up $0.06 during mid-day trading on Friday, hitting $6.17. 465,003 shares of the company’s stock traded hands, compared to its average volume of 506,330. The company has a fifty day moving average of $5.71 and a 200 day moving average of $5.48. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $4.28 and a twelve month high of $6.17.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 19th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, December 19th. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.4%.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.