Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Sees Significant Growth in Short Interest

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 21,627 shares, a growth of 47.6% from the November 30th total of 14,656 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 97,157 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 97,157 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in Morgan Stanley Emerging Markets Debt Fund by 4.3% in the second quarter. Osaic Holdings Inc. now owns 551,598 shares of the company’s stock valued at $4,264,000 after acquiring an additional 22,763 shares in the last quarter. GraniteShares Advisors LLC raised its position in Morgan Stanley Emerging Markets Debt Fund by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 401,260 shares of the company’s stock valued at $2,957,000 after purchasing an additional 35,343 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 10.8% during the third quarter. Ameriprise Financial Inc. now owns 304,542 shares of the company’s stock worth $2,245,000 after buying an additional 29,630 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 237,939 shares of the company’s stock worth $1,915,000 after purchasing an additional 9,952 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its position in Morgan Stanley Emerging Markets Debt Fund by 6.4% during the 3rd quarter. Whipplewood Advisors LLC now owns 206,769 shares of the company’s stock worth $1,524,000 after buying an additional 12,391 shares during the last quarter.

Morgan Stanley Emerging Markets Debt Fund Trading Up 0.2%

NYSE MSD traded up $0.02 on Tuesday, hitting $7.45. 247,042 shares of the stock were exchanged, compared to its average volume of 93,093. The company has a 50-day moving average price of $7.37 and a 200-day moving average price of $7.48. Morgan Stanley Emerging Markets Debt Fund has a fifty-two week low of $6.91 and a fifty-two week high of $8.32.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 19th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 19th. This represents a $0.60 annualized dividend and a yield of 8.1%.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.