Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Up 335.7% in November

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 103,700 shares, an increase of 335.7% from the November 15th total of 23,800 shares. Based on an average daily volume of 205,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

Several large investors have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of Western Asset Emerging Markets Debt Fund by 9.5% in the first quarter. Comerica Bank now owns 29,655 shares of the company’s stock worth $285,000 after purchasing an additional 2,573 shares during the last quarter. Hoylecohen LLC bought a new position in Western Asset Emerging Markets Debt Fund in the second quarter worth $172,000. Raymond James & Associates boosted its stake in Western Asset Emerging Markets Debt Fund by 8.5% during the second quarter. Raymond James & Associates now owns 193,978 shares of the company’s stock worth $1,806,000 after acquiring an additional 15,142 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Western Asset Emerging Markets Debt Fund by 16.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,460,726 shares of the company’s stock worth $13,599,000 after buying an additional 209,374 shares during the last quarter. Finally, Moloney Securities Asset Management LLC increased its holdings in shares of Western Asset Emerging Markets Debt Fund by 37.4% during the second quarter. Moloney Securities Asset Management LLC now owns 42,497 shares of the company’s stock valued at $396,000 after acquiring an additional 11,562 shares in the last quarter. Hedge funds and other institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Trading Up 0.5 %

Shares of NYSE:EMD traded up $0.05 during trading on Friday, reaching $10.08. 19,820 shares of the stock were exchanged, compared to its average volume of 201,195. The stock has a 50-day moving average price of $9.94 and a 200-day moving average price of $9.79. Western Asset Emerging Markets Debt Fund has a 12 month low of $8.88 and a 12 month high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.0875 per share. The ex-dividend date is Monday, December 23rd.

Western Asset Emerging Markets Debt Fund Company Profile

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.