Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.64 and traded as low as $4.35. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.39, with a volume of 233,333 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

The business’s fifty day moving average is $4.64 and its two-hundred day moving average is $4.79.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 14.58%.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of hedge funds have recently bought and sold shares of EDD. Penserra Capital Management LLC purchased a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth approximately $9,267,000. Pathstone Holdings LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.6% during the third quarter. Pathstone Holdings LLC now owns 4,399,132 shares of the investment management company’s stock worth $22,174,000 after purchasing an additional 527,452 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,687,281 shares of the investment management company’s stock valued at $12,616,000 after purchasing an additional 237,111 shares during the last quarter. Shaker Financial Services LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 58.8% during the 3rd quarter. Shaker Financial Services LLC now owns 231,346 shares of the investment management company’s stock worth $1,197,000 after buying an additional 85,674 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter valued at about $164,000.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual 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 typically invests in government bonds denominated in the local currencies of emerging markets.