Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.61 and traded as low as $5.46. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.4650, with a volume of 425,201 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.1%

The business has a fifty day moving average price of $5.47 and a two-hundred day moving average price of $5.61.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 10.2%. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, March 31st.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% during the fourth quarter. Evergreen Capital Management LLC now owns 3,441,903 shares of the investment management company’s stock worth $19,131,000 after acquiring an additional 64,943 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 5.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,177,402 shares of the investment management company’s stock worth $11,823,000 after acquiring an additional 104,818 shares during the period. Bank of America Corp DE grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% during the third quarter. Bank of America Corp DE now owns 1,811,414 shares of the investment management company’s stock worth $9,745,000 after acquiring an additional 26,889 shares during the period. Invesco Ltd. grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 0.9% during the fourth quarter. Invesco Ltd. now owns 1,206,318 shares of the investment management company’s stock worth $6,550,000 after acquiring an additional 10,893 shares during the period. Finally, Rareview Capital LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% during the first quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock worth $4,909,000 after acquiring an additional 242,712 shares during the period.

About Morgan Stanley Emerging Markets Domestic Debt Fund

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.