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.
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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