Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Update

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 28,600 shares, a decrease of 27.0% from the May 15th total of 39,200 shares. Based on an average daily volume of 290,700 shares, the days-to-cover ratio is currently 0.1 days.

Hedge funds have recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 44.4% during the third quarter. Citigroup Inc. now owns 5,775 shares of the investment management company’s stock worth $34,000 after buying an additional 1,775 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 79,549 shares of the investment management company’s stock valued at $436,000 after acquiring an additional 1,978 shares during the last quarter. National Asset Management Inc. raised its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 5.7% during the fourth quarter. National Asset Management Inc. now owns 37,870 shares of the investment management company’s stock worth $208,000 after acquiring an additional 2,044 shares in the last quarter. Walleye Trading LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 7.4% during the 4th quarter. Walleye Trading LLC now owns 33,722 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 10.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 27,865 shares of the investment management company’s stock worth $153,000 after purchasing an additional 2,556 shares in the last quarter.

Shares of EDD stock traded down $0.02 on Friday, hitting $4.43. The stock had a trading volume of 5,000 shares, compared to its average volume of 267,101. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $4.39 and a twelve month high of $6.33. The company has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $5.06.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date was Wednesday, March 30th.

About Morgan Stanley Emerging Markets Domestic Debt Fund (Get Rating)

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.

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