Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Expands By 287.0%

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 26,700 shares, an increase of 287.0% from the March 15th total of 6,900 shares. Based on an average daily trading volume, of 236,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Money Concepts Capital Corp bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $30,000. Peoples Bank KS purchased a new stake in Western Asset Emerging Markets Debt Fund during the 3rd quarter worth approximately $29,000. Creekmur Asset Management LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth approximately $48,000. International Assets Investment Management LLC grew its position in Western Asset Emerging Markets Debt Fund by 821.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,526 shares of the company's stock worth $51,000 after purchasing an additional 4,926 shares during the last quarter. Finally, National Bank of Canada FI grew its position in Western Asset Emerging Markets Debt Fund by 55.4% during the 4th quarter. National Bank of Canada FI now owns 8,819 shares of the company's stock worth $81,000 after purchasing an additional 3,143 shares during the last quarter. Institutional investors own 33.05% of the company's stock.

Western Asset Emerging Markets Debt Fund Trading Down 1.2 %

Shares of NYSE:EMD traded down $0.11 during trading hours on Wednesday, hitting $9.39. The company's stock had a trading volume of 167,228 shares, compared to its average volume of 234,782. Western Asset Emerging Markets Debt Fund has a 52 week low of $7.85 and a 52 week high of $9.67. The firm's fifty day moving average price is $9.26 and its 200 day moving average price is $8.89.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be paid a dividend of $0.0845 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.01 annualized dividend and a dividend yield of 10.80%.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.

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