Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $6.88 and traded as low as $6.83. Morgan Stanley Emerging Markets Debt Fund shares last traded at $6.85, with a volume of 51,762 shares traded.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The company has a 50-day simple moving average of $6.88 and a two-hundred day simple moving average of $7.28.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.1450 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is a negative change from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.15. This represents a $0.58 dividend on an annualized basis and a dividend yield of 8.5%.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

A number of large investors have recently added to or reduced their stakes in MSD. Csenge Advisory Group increased its position in shares of Morgan Stanley Emerging Markets Debt Fund by 22.4% in the third quarter. Csenge Advisory Group now owns 17,413 shares of the company’s stock valued at $117,000 after acquiring an additional 3,181 shares during the period. Calamos Advisors LLC increased its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 30.7% in the 3rd quarter. Calamos Advisors LLC now owns 124,214 shares of the company’s stock worth $837,000 after acquiring an additional 29,142 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the second quarter valued at approximately $46,000. Rareview Capital LLC grew its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 15.6% in the second quarter. Rareview Capital LLC now owns 312,755 shares of the company’s stock worth $2,418,000 after acquiring an additional 42,128 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the second quarter worth approximately $170,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) is a closed-end investment fund that seeks to provide current income and, secondarily, capital appreciation by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations. The fund may invest in securities denominated in both U.S. dollars and local currencies. Its portfolio can include sovereign bonds, emerging-market corporate debt and other fixed-income instruments, with exposure generally spanning developing regions in Latin America, Asia, Europe, Africa and the Middle East.