Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 76,900 shares, a growth of 183.8% from the March 15th total of 27,100 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 225,800 shares, the short-interest ratio is presently 0.3 days.

Western Asset Emerging Markets Debt Fund Stock Up 1.3 %

EMD stock traded up $0.12 during midday trading on Tuesday, hitting $9.02. The stock had a trading volume of 116,087 shares, compared to its average volume of 201,554. Western Asset Emerging Markets Debt Fund has a 12-month low of $8.56 and a 12-month high of $10.33. The company’s 50-day moving average price is $9.67 and its 200 day moving average price is $9.81.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a yield of 10.92%.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund in the third quarter worth approximately $192,000. Mission Hills Financial Advisory LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at $108,000. Uncommon Cents Investing LLC grew its stake in shares of Western Asset Emerging Markets Debt Fund by 43.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 28,500 shares of the company’s stock valued at $274,000 after buying an additional 8,600 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter worth $602,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter worth $245,000. 33.05% of the stock is owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Company Profile

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.