Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.77 and traded as low as $4.66. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.69, with a volume of 213,013 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

The stock has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $4.77.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, December 13th. This is a positive change 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 13.66%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at about $46,000. Jane Street Group LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter worth $130,000. Private Advisor Group LLC lifted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.4% in the 3rd quarter. Private Advisor Group LLC now owns 156,250 shares of the investment management company’s stock worth $788,000 after purchasing an additional 5,200 shares in the last quarter. Bridge Advisory LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.7% during the 3rd quarter. Bridge Advisory LLC now owns 682,472 shares of the investment management company’s stock worth $3,440,000 after acquiring an additional 17,865 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter valued at about $9,267,000.

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.