Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Up 270.0% in August

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 130,600 shares, a growth of 270.0% from the August 15th total of 35,300 shares. Based on an average daily trading volume, of 149,200 shares, the days-to-cover ratio is presently 0.9 days.

EDD stock traded down $0.04 during trading on Thursday, hitting $6.25. 89,761 shares of the stock traded hands, compared to its average volume of 183,516. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1 year low of $5.51 and a 1 year high of $6.50. The firm’s 50 day moving average is $6.15 and its two-hundred day moving average is $6.12.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Wednesday, June 30th were given a dividend of $0.1013 per share. This represents a $0.41 annualized dividend and a yield of 6.48%. The ex-dividend date was Tuesday, June 29th.

Hedge funds have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 2nd quarter valued at about $64,000. Walleye Capital LLC boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 62.5% during the 1st quarter. Walleye Capital LLC now owns 99,697 shares of the investment management company’s stock valued at $600,000 after acquiring an additional 38,355 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 150.6% during the 2nd quarter. Shaker Financial Services LLC now owns 111,333 shares of the investment management company’s stock valued at $681,000 after acquiring an additional 66,903 shares during the last quarter. Saba Capital Management L.P. purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at about $1,162,000. Finally, Royal Bank of Canada boosted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 66.4% during the 1st quarter. Royal Bank of Canada now owns 133,234 shares of the investment management company’s stock valued at $802,000 after acquiring an additional 53,170 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a non-diversified, closed-end management investment company. The company’s primary objective is to seek a high level of current income. It also has a secondary investment objective of long-term capital appreciation. The company was founded on January 25, 2007 and is headquartered in New York, NY.

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