Short Interest in Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Expands By 36.1%

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 144,300 shares, an increase of 36.1% from the May 15th total of 106,000 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 82,600 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Several hedge funds have recently modified their holdings of MSD. GraniteShares Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the 4th quarter valued at $2,481,000. Whipplewood Advisors LLC bought a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth $2,186,000. Ameriprise Financial Inc. boosted its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 67.9% during the 4th quarter. Ameriprise Financial Inc. now owns 213,091 shares of the company's stock worth $1,616,000 after acquiring an additional 86,190 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 4th quarter worth $551,000. Finally, Smith Asset Management Co. LLC bought a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the 1st quarter worth $544,000.

Morgan Stanley Emerging Markets Debt Fund Stock Down 0.1%

Shares of MSD stock traded down $0.01 during mid-day trading on Wednesday, hitting $7.82. 21,493 shares of the stock traded hands, compared to its average volume of 78,946. Morgan Stanley Emerging Markets Debt Fund has a twelve month low of $6.91 and a twelve month high of $8.32. The company's 50-day simple moving average is $7.59 and its 200-day simple moving average is $7.79.

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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 11.25%. The ex-dividend date was Monday, March 31st.

About Morgan Stanley Emerging Markets Debt Fund

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.