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

Key Points

• The Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) experienced a slight decline of 0.2%, trading at $7.41 on Tuesday with a 76,116 shares traded, which is 11% lower than the average daily volume.
• The fund recently announced a quarterly dividend of $0.19, translating to an annualized yield of 10.3%, with the ex-dividend date being June 30th.
• Several hedge funds have increased their stakes in the fund, with Comprehensive Money Management Services LLC boosting its position by 5.8% and Round Rock Advisors LLC increasing theirs by 51.5% in the first quarter.

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD - ) was down 0.2% on Tuesday . The stock traded as low as $7.40 and last traded at $7.41. Approximately 76,116 shares were traded during trading, a decline of 11% from the average daily volume of 85,049 shares. The stock had previously closed at $7.42.

Morgan Stanley Emerging Markets Debt Fund Price Performance

The business has a 50-day simple moving average of $7.69 and a 200 day simple moving average of $7.78.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Monday, June 30th.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Debt Fund

Hedge funds have recently made changes to their positions in the business. Comprehensive Money Management Services LLC boosted its stake in Morgan Stanley Emerging Markets Debt Fund by 5.8% in the 1st quarter. Comprehensive Money Management Services LLC now owns 57,345 shares of the company's stock worth $462,000 after purchasing an additional 3,150 shares during the period. Kovack Advisors Inc. lifted its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 9.5% in the first quarter. Kovack Advisors Inc. now owns 43,157 shares of the company's stock worth $347,000 after buying an additional 3,750 shares in the last quarter. SVB Wealth LLC purchased a new position in Morgan Stanley Emerging Markets Debt Fund during the first quarter valued at $31,000. Round Rock Advisors LLC increased its holdings in Morgan Stanley Emerging Markets Debt Fund by 51.5% in the 1st quarter. Round Rock Advisors LLC now owns 17,528 shares of the company's stock valued at $141,000 after acquiring an additional 5,955 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Morgan Stanley Emerging Markets Debt Fund by 13.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 54,005 shares of the company's stock worth $435,000 after purchasing an additional 6,325 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.