Short Interest in Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Expands By 76.5%

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 33,801 shares, a growth of 76.5% from the June 15th total of 19,149 shares. Based on an average trading volume of 117,969 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter worth about $28,000. Noble Wealth Management PBC purchased a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter valued at about $34,000. Millennium Management LLC acquired a new position in Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth approximately $83,000. Cetera Investment Advisers acquired a new position in Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth approximately $85,000. Finally, Private Advisor Group LLC boosted its holdings in Morgan Stanley Emerging Markets Debt Fund by 21.6% in the 1st quarter. Private Advisor Group LLC now owns 12,651 shares of the company’s stock worth $89,000 after acquiring an additional 2,246 shares during the period.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

NYSE:MSD opened at $7.30 on Friday. The firm’s fifty day simple moving average is $7.32 and its 200 day simple moving average is $7.44. Morgan Stanley Emerging Markets Debt Fund has a twelve month low of $6.91 and a twelve month high of $7.94.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 8.2%. This is an increase from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.14.

Morgan Stanley Emerging Markets Debt Fund Company Profile

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.