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Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Decreases By 8.9%

Western Asset Emerging Markets Debt Fund logo with Financial Services background

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 30,800 shares, a decline of 8.9% from the May 15th total of 33,800 shares. Based on an average trading volume of 190,100 shares, the days-to-cover ratio is presently 0.2 days.

Western Asset Emerging Markets Debt Fund Stock Up 0.1 %

Shares of EMD stock traded up $0.01 during trading hours on Wednesday, reaching $9.55. 120,127 shares of the stock traded hands, compared to its average volume of 213,543. The business has a fifty day moving average price of $9.27 and a 200 day moving average price of $9.24. Western Asset Emerging Markets Debt Fund has a 1-year low of $7.85 and a 1-year high of $9.67.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd will be given a dividend of $0.0845 per share. This represents a $1.01 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date of this dividend is Friday, August 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ironsides Asset Advisors LLC grew its position in Western Asset Emerging Markets Debt Fund by 8.2% during the first quarter. Ironsides Asset Advisors LLC now owns 25,942 shares of the company's stock valued at $249,000 after purchasing an additional 1,971 shares in the last quarter. Comerica Bank grew its position in Western Asset Emerging Markets Debt Fund by 9.5% during the first quarter. Comerica Bank now owns 29,655 shares of the company's stock valued at $285,000 after purchasing an additional 2,573 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Western Asset Emerging Markets Debt Fund by 20.9% in the first quarter. Uncommon Cents Investing LLC now owns 15,600 shares of the company's stock worth $150,000 after acquiring an additional 2,700 shares in the last quarter. Gould Asset Management LLC CA grew its position in Western Asset Emerging Markets Debt Fund by 8.4% in the first quarter. Gould Asset Management LLC CA now owns 38,985 shares of the company's stock worth $375,000 after acquiring an additional 3,020 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Western Asset Emerging Markets Debt Fund by 55.4% in the fourth quarter. National Bank of Canada FI now owns 8,819 shares of the company's stock worth $81,000 after acquiring an additional 3,143 shares in the last quarter. 33.05% of the stock is owned by hedge funds and other institutional investors.


About Western Asset Emerging Markets Debt Fund

(Get Free Report)

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.

Further Reading

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