Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Sees Large Decline in Short Interest

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 27,900 shares, a drop of 23.8% from the February 29th total of 36,600 shares. Based on an average trading volume of 70,500 shares, the days-to-cover ratio is presently 0.4 days.

Morgan Stanley Emerging Markets Debt Fund Trading Down 0.3 %

Shares of Morgan Stanley Emerging Markets Debt Fund stock opened at $7.24 on Friday. Morgan Stanley Emerging Markets Debt Fund has a 1-year low of $6.11 and a 1-year high of $7.48. The company’s fifty day simple moving average is $7.14 and its 200-day simple moving average is $6.79.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.84 annualized dividend and a dividend yield of 11.61%.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

Several institutional investors and hedge funds have recently modified their holdings of MSD. Raymond James Financial Services Advisors Inc. raised its position in shares of Morgan Stanley Emerging Markets Debt Fund by 8.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 110,900 shares of the company’s stock valued at $863,000 after purchasing an additional 8,507 shares during the period. Quantedge Capital Pte Ltd bought a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 1st quarter valued at $210,000. Royal Bank of Canada increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 4.9% in the 1st quarter. Royal Bank of Canada now owns 150,618 shares of the company’s stock valued at $1,171,000 after acquiring an additional 7,046 shares during the last quarter. Bank of America Corp DE increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 8.9% in the 1st quarter. Bank of America Corp DE now owns 34,958 shares of the company’s stock valued at $272,000 after acquiring an additional 2,861 shares during the last quarter. Finally, UBS Group AG increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 7.3% in the 2nd quarter. UBS Group AG now owns 27,864 shares of the company’s stock valued at $184,000 after acquiring an additional 1,900 shares during the last quarter.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income 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 primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.