Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Short Interest Update
Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) experienced a significant decrease in short interest in May, dropping 38.6% to 106,000 shares as of May 15th. The days-to-cover ratio is currently 1.3 days, with 0.5% of shares short sold. The fund's stock price is $7.69, with a dividend yield of 11.44%. Recent institutional investments include GraniteShares Advisors and Ameriprise Financial, among others. Analysts currently rate the fund as a Hold, with recommendations for other stocks deemed better buys.
Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 106,000 shares, a decrease of 38.6% from the April 30th total of 172,500 shares. Based on an average daily volume of 84,800 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company's stock are sold short.
Morgan Stanley Emerging Markets Debt Fund Price Performance
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MSD traded up $0.01 during midday trading on Friday, hitting $7.69. 47,814 shares of the company's stock traded hands, compared to its average volume of 81,550. The stock's fifty day simple moving average is $7.56 and its 200-day simple moving average is $7.78. Morgan Stanley Emerging Markets Debt Fund has a one year low of $6.91 and a one year high of $8.32.
Morgan Stanley Emerging Markets Debt Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date of this dividend was Monday, March 31st.
Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund
A number of institutional investors have recently modified their holdings of the company. GraniteShares Advisors LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the fourth quarter worth $2,481,000. Whipplewood Advisors LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the fourth quarter worth $2,186,000. Ameriprise Financial Inc. boosted its stake in Morgan Stanley Emerging Markets Debt Fund by 67.9% during the fourth quarter. Ameriprise Financial Inc. now owns 213,091 shares of the company's stock worth $1,616,000 after buying an additional 86,190 shares in the last quarter. Wealthstar Advisors LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the fourth quarter worth $646,000. Finally, Raymond James Financial Inc. acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the fourth quarter worth $551,000.
About Morgan Stanley Emerging Markets Debt Fund
(Get Free Report)Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
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