Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Shares Down 0.2% - What's Next?

Key Points

• Shares of the Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) experienced a slight decline of 0.2%, trading down to $7.50, with a notable drop in trading volume by 43% compared to average levels.
• The fund recently declared a quarterly dividend of $0.19, yielding an annualized rate of 10.1%, indicating the fund's ongoing commitment to return value to shareholders amid fluctuating stock performance.
• Institutional investors are actively adjusting their stakes in the fund, with several firms, including Bank of America and Ameriprise Financial, increasing their investments in the second quarter.

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - Get Free Report) shares traded down 0.2% during trading on Wednesday . The stock traded as low as $7.47 and last traded at $7.50. 58,675 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 103,612 shares. The stock had previously closed at $7.51.

Morgan Stanley Emerging Markets Debt Fund Stock Down 1.1%

The firm's fifty day simple moving average is $7.54 and its 200 day simple moving average is $7.70.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Monday, June 30th.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

Institutional investors have recently made changes to their positions in the stock. GraniteShares Advisors LLC lifted its stake in Morgan Stanley Emerging Markets Debt Fund by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 365,917 shares of the company's stock valued at $2,829,000 after acquiring an additional 22,869 shares during the last quarter. Invesco Ltd. grew its position in Morgan Stanley Emerging Markets Debt Fund by 5.0% in the 1st quarter. Invesco Ltd. now owns 363,287 shares of the company's stock worth $2,924,000 after purchasing an additional 17,152 shares during the last quarter. Ameriprise Financial Inc. grew its position in Morgan Stanley Emerging Markets Debt Fund by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 274,912 shares of the company's stock worth $2,125,000 after purchasing an additional 3,611 shares during the last quarter. LPL Financial LLC grew its position in Morgan Stanley Emerging Markets Debt Fund by 20.6% in the 1st 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 during the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 237,939 shares of the company's stock valued at $1,915,000 after buying an additional 9,952 shares during the period.

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.