Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Crosses Below 200 Day Moving Average of $4.62

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.62 and traded as low as $4.50. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.52, with a volume of 405,467 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The business has a 50-day moving average price of $4.71 and a 200-day moving average price of $4.62.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date was Wednesday, March 27th.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 68.3% in the third quarter. Almitas Capital LLC now owns 548,796 shares of the investment management company’s stock valued at $2,338,000 after buying an additional 222,674 shares during the last quarter. Bridge Advisory LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth about $2,246,000. HighTower Advisors LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 27.0% in the third quarter. HighTower Advisors LLC now owns 312,444 shares of the investment management company’s stock worth $1,327,000 after purchasing an additional 66,339 shares during the last quarter. Raymond James & Associates raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 33.2% in the fourth quarter. Raymond James & Associates now owns 1,498,408 shares of the investment management company’s stock worth $6,983,000 after purchasing an additional 373,157 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 157.4% in the third quarter. Evergreen Capital Management LLC now owns 616,129 shares of the investment management company’s stock worth $2,680,000 after purchasing an additional 376,720 shares during the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.