Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Shares Up 0.3% - Here's Why

Key Points

• MSD shares rose 0.3% to $7.33 in mid-day trading, with volume of 49,684 shares—18% below its average session volume. The fund’s 50-day moving average was $7.30, compared with $7.42 for its 200-day average.
• The fund increased its quarterly dividend to $0.15 per share from $0.14, equivalent to $0.60 annually and an 8.2% yield.
• Several institutional investors increased their MSD holdings, including Private Advisor Group, which raised its position by 21.6%. MSD invests primarily in dollar-denominated sovereign and corporate debt from emerging markets.

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - Get Free Report) traded up 0.3% during mid-day trading on Friday . The stock traded as high as $7.35 and last traded at $7.33. 49,684 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 60,372 shares. The stock had previously closed at $7.31.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

The company has a 50-day simple moving average of $7.30 and a 200-day simple moving average of $7.42.

Morgan Stanley Emerging Markets Debt Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.2%. This is an increase from Morgan Stanley Emerging Markets Debt Fund's previous quarterly dividend of $0.14.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Several hedge funds have recently bought and sold shares of MSD. Dynamic Advisor Solutions LLC lifted its stake in Morgan Stanley Emerging Markets Debt Fund by 3.4% in the second quarter. Dynamic Advisor Solutions LLC now owns 49,899 shares of the company's stock worth $364,000 after acquiring an additional 1,633 shares during the period. Bank of America Corp DE increased its position in Morgan Stanley Emerging Markets Debt Fund by 1.1% during the 2nd quarter. Bank of America Corp DE now owns 174,977 shares of the company's stock valued at $1,353,000 after purchasing an additional 1,904 shares during the period. Private Advisor Group LLC increased its position in Morgan Stanley Emerging Markets Debt Fund by 21.6% during the 1st quarter. Private Advisor Group LLC now owns 12,651 shares of the company's stock valued at $89,000 after purchasing an additional 2,246 shares during the period. Comprehensive Money Management Services LLC increased its position in Morgan Stanley Emerging Markets Debt Fund by 2.9% during the 4th quarter. Comprehensive Money Management Services LLC now owns 86,225 shares of the company's stock valued at $637,000 after purchasing an additional 2,450 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 74,744 shares of the company's stock valued at $551,000 after purchasing an additional 3,001 shares in the last quarter.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund NYSE: MSD is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD's investment strategy emphasizes diversification across regions, sectors and issuers. The fund's portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.

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