Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Sees Significant Decrease in Short Interest

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMDGet Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 25,400 shares, a decrease of 73.0% from the January 15th total of 94,000 shares. Based on an average daily volume of 252,700 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds have recently made changes to their positions in the company. Money Concepts Capital Corp acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $30,000. Peoples Bank KS acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the third quarter valued at approximately $29,000. International Assets Investment Management LLC raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 821.0% during the fourth quarter. International Assets Investment Management LLC now owns 5,526 shares of the company’s stock valued at $51,000 after acquiring an additional 4,926 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Western Asset Emerging Markets Debt Fund by 55.4% during the fourth quarter. National Bank of Canada FI now owns 8,819 shares of the company’s stock valued at $81,000 after acquiring an additional 3,143 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the second quarter valued at approximately $87,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

EMD stock traded up $0.02 during mid-day trading on Monday, reaching $9.23. 113,050 shares of the company’s stock were exchanged, compared to its average volume of 284,481. The stock’s 50 day moving average is $9.17 and its 200 day moving average is $8.77. Western Asset Emerging Markets Debt Fund has a 12-month low of $7.85 and a 12-month high of $9.60.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.0845 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.01 dividend on an annualized basis and a yield of 10.99%.

About Western Asset Emerging Markets Debt Fund

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Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.

Further Reading

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