Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 34,500 shares, a growth of 12.0% from the May 31st total of 30,800 shares. Based on an average trading volume of 179,800 shares, the days-to-cover ratio is presently 0.2 days.

Western Asset Emerging Markets Debt Fund Stock Performance

NYSE:EMD traded up $0.02 during mid-day trading on Monday, reaching $9.33. The stock had a trading volume of 233,302 shares, compared to its average volume of 208,992. Western Asset Emerging Markets Debt Fund has a 12 month low of $7.85 and a 12 month high of $9.67. The stock has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $9.25.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be given a $0.0845 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.01 dividend on an annualized basis and a yield of 10.87%.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds have recently modified their holdings of the business. Creekmur Asset Management LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $48,000. International Assets Investment Management LLC increased its stake in Western Asset Emerging Markets Debt Fund by 821.0% in the fourth quarter. International Assets Investment Management LLC now owns 5,526 shares of the company’s stock valued at $51,000 after purchasing an additional 4,926 shares in the last quarter. National Bank of Canada FI increased its stake in Western Asset Emerging Markets Debt Fund by 55.4% in the fourth quarter. National Bank of Canada FI now owns 8,819 shares of the company’s stock valued at $81,000 after purchasing an additional 3,143 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Western Asset Emerging Markets Debt Fund in the first quarter valued at $96,000. Finally, Occidental Asset Management LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $97,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

About Western Asset Emerging Markets Debt Fund

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.