Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Up 72.0% in September

Key Points

• Short interest in Western Asset Emerging Markets Debt Fund Inc. increased by 72.0% in September, rising to 88,900 shares from 51,700 shares.
• The fund's stock is currently trading at $10.59, with a yearly low of $8.56 and a high of $10.68.
• A monthly dividend of $0.095 will be paid to shareholders on November 3rd, representing an annualized yield of 10.8%.

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - ) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 88,900 shares, an increase of 72.0% from the September 15th total of 51,700 shares. Based on an average trading volume of 175,300 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 175,300 shares, the days-to-cover ratio is currently 0.5 days.

Western Asset Emerging Markets Debt Fund Trading Up 1.5%

NYSE:EMD traded up $0.16 on Tuesday, hitting $10.59. 267,216 shares of the company's stock traded hands, compared to its average volume of 193,392. Western Asset Emerging Markets Debt Fund has a 1 year low of $8.56 and a 1 year high of $10.68. The firm has a 50-day moving average price of $10.34 and a 200-day moving average price of $9.93.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 24th will be given a $0.095 dividend. The ex-dividend date is Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 10.8%.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its stake in shares of Western Asset Emerging Markets Debt Fund by 0.4% during the 1st quarter. LPL Financial LLC now owns 794,299 shares of the company's stock worth $7,856,000 after purchasing an additional 2,971 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Western Asset Emerging Markets Debt Fund by 0.4% during the second quarter. Advisors Asset Management Inc. now owns 647,201 shares of the company's stock valued at $6,504,000 after purchasing an additional 2,511 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Western Asset Emerging Markets Debt Fund by 3.0% during the second quarter. Penserra Capital Management LLC now owns 517,743 shares of the company's stock valued at $5,203,000 after purchasing an additional 15,283 shares during the last quarter. Bank of America Corp DE grew its holdings in Western Asset Emerging Markets Debt Fund by 6.1% during the second quarter. Bank of America Corp DE now owns 433,984 shares of the company's stock valued at $4,362,000 after purchasing an additional 24,936 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Western Asset Emerging Markets Debt Fund by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 359,324 shares of the company's stock valued at $3,612,000 after purchasing an additional 18,873 shares during the last quarter. Hedge funds and other institutional investors own 33.05% of the company's stock.

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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