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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 538,193 shares, an increase of 258.4% from the June 15th total of 150,154 shares. Based on an average daily volume of 497,353 shares, the short-interest ratio is presently 1.1 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

NYSE EDD opened at $5.75 on Monday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12 month low of $4.96 and a 12 month high of $6.18. The stock has a 50 day moving average of $5.60 and a 200-day moving average of $5.65.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 16.7%. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, June 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rareview Capital LLC lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% in the first quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock valued at $4,909,000 after buying an additional 242,712 shares during the last quarter. &PARTNERS bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at $1,070,000. Raymond James Financial Inc. raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 36.4% in the 3rd quarter. Raymond James Financial Inc. now owns 695,996 shares of the investment management company’s stock valued at $3,744,000 after acquiring an additional 185,677 shares during the period. Millennium Management LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at $732,000. Finally, Cetera Investment Advisers boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 135.1% during the fourth quarter. Cetera Investment Advisers now owns 182,569 shares of the investment management company’s stock worth $991,000 after purchasing an additional 104,925 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.