Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Trading 0.1% Higher – Here’s Why

Shares of Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) were up 0.1% during trading on Monday . The stock traded as high as $7.38 and last traded at $7.3040. Approximately 33,167 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 72,110 shares. The stock had previously closed at $7.30.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The stock’s 50 day simple moving average is $7.36 and its two-hundred day simple moving average is $7.45.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Tuesday, March 31st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 1.6% in the 1st quarter. Royal Bank of Canada now owns 452,466 shares of the company’s stock worth $3,176,000 after acquiring an additional 7,294 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Morgan Stanley Emerging Markets Debt Fund by 61.0% during the first quarter. Cetera Investment Advisers now owns 18,440 shares of the company’s stock valued at $129,000 after purchasing an additional 6,990 shares during the last quarter. Independent Financial Group LLC bought a new position in Morgan Stanley Emerging Markets Debt Fund during the first quarter worth about $166,000. Calamos Advisors LLC increased its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 62,632 shares of the company’s stock worth $440,000 after purchasing an additional 7,455 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter worth about $28,000.

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.