Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Shares Pass Below 200-Day Moving Average of $4.68

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.68 and traded as low as $4.58. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.62, with a volume of 165,626 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 0.5 %

The business’s 50 day simple moving average is $4.68 and its 200 day simple moving average is $4.68.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date of this dividend is Friday, June 28th.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth about $61,000. Nomura Holdings Inc. acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter valued at approximately $61,000. Ironsides Asset Advisors LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.8% in the first quarter. Ironsides Asset Advisors LLC now owns 37,017 shares of the investment management company’s stock worth $176,000 after buying an additional 3,313 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 66.3% during the fourth quarter. Wolverine Asset Management LLC now owns 50,547 shares of the investment management company’s stock valued at $236,000 after buying an additional 20,158 shares during the last quarter. Finally, Accuvest Global Advisors acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth about $355,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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.