Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 90,000 shares, a growth of 30.1% from the April 30th total of 69,200 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 205,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Apollon Wealth Management LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter valued at $245,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $602,000. Comprehensive Money Management Services LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund in the fourth quarter valued at $604,000. HighTower Advisors LLC boosted its stake in shares of Western Asset Emerging Markets Debt Fund by 364.3% during the fourth quarter. HighTower Advisors LLC now owns 72,792 shares of the company's stock valued at $700,000 after acquiring an additional 57,115 shares during the last quarter. Finally, Invesco Ltd. increased its position in Western Asset Emerging Markets Debt Fund by 12.3% during the 4th quarter. Invesco Ltd. now owns 1,074,495 shares of the company's stock worth $10,337,000 after purchasing an additional 117,651 shares in the last quarter. 33.05% of the stock is owned by hedge funds and other institutional investors.

Western Asset Emerging Markets Debt Fund Stock Performance

NYSE:EMD remained flat at $9.78 during mid-day trading on Thursday. 174,022 shares of the company's stock traded hands, compared to its average volume of 207,868. The business has a 50-day simple moving average of $9.38 and a 200 day simple moving average of $9.69. Western Asset Emerging Markets Debt Fund has a 52-week low of $8.56 and a 52-week high of $10.33.

Western Asset Emerging Markets Debt Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.14 annualized dividend and a dividend yield of 11.66%.

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.