Short Interest in Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Declines By 38.6%

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 106,000 shares, a decline 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 currently 1.3 days. Currently, 0.5% of the company's shares are short sold.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Smith Asset Management Co. LLC bought a new stake in Morgan Stanley Emerging Markets Debt Fund in the first quarter worth approximately $544,000. Integrated Wealth Concepts LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 237,939 shares of the company's stock worth $1,915,000 after purchasing an additional 9,952 shares in the last quarter. SVB Wealth LLC bought a new stake in Morgan Stanley Emerging Markets Debt Fund in the first quarter worth approximately $31,000. Invesco Ltd. increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 5.0% in the first quarter. Invesco Ltd. now owns 363,287 shares of the company's stock worth $2,924,000 after purchasing an additional 17,152 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 20.6% in the first quarter. LPL Financial LLC now owns 241,135 shares of the company's stock worth $1,941,000 after purchasing an additional 41,126 shares in the last quarter.

Morgan Stanley Emerging Markets Debt Fund Trading Down 0.1%

MSD stock traded down $0.01 during mid-day trading on Monday, reaching $7.69. The company's stock had a trading volume of 39,255 shares, compared to its average volume of 81,423. The business's 50 day moving average price is $7.56 and its 200 day moving average price is $7.78. Morgan Stanley Emerging Markets Debt Fund has a 12 month low of $6.91 and a 12 month high of $8.32.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.88 dividend on an annualized basis and a yield of 11.44%.

Morgan Stanley Emerging Markets Debt Fund Company Profile

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.