Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Passes Below 200 Day Moving Average – Here’s Why

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.59 and traded as low as $5.52. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.5550, with a volume of 243,736 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The business’s 50 day moving average price is $5.54 and its 200 day moving average price is $5.59.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.14 per share. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 10.1%.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rareview Capital LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% during the first quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock worth $4,909,000 after purchasing an additional 242,712 shares in the last quarter. &PARTNERS purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at $1,070,000. Raymond James Financial Inc. boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 36.4% during the 3rd quarter. Raymond James Financial Inc. now owns 695,996 shares of the investment management company’s stock worth $3,744,000 after purchasing an additional 185,677 shares during the last quarter. Millennium Management LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth $732,000. Finally, Cetera Investment Advisers boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 135.1% during the 4th quarter. Cetera Investment Advisers now owns 182,569 shares of the investment management company’s stock worth $991,000 after purchasing an additional 104,925 shares during the last quarter.

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.