Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.57 and traded as high as $4.73. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.73, with a volume of 237,989 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Up 2.6 %

The business's 50-day moving average price is $4.57 and its two-hundred day moving average price is $4.43.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend was Thursday, March 30th.

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

Hedge funds have recently modified their holdings of the business. Ironsides Asset Advisors LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 14.5% during the fourth quarter. Ironsides Asset Advisors LLC now owns 19,995 shares of the investment management company's stock worth $88,000 after acquiring an additional 2,529 shares in the last quarter. UBS Group AG increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.7% during the second quarter. UBS Group AG now owns 167,230 shares of the investment management company's stock worth $751,000 after acquiring an additional 2,823 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.2% during the fourth quarter. Moors & Cabot Inc. now owns 76,857 shares of the investment management company's stock worth $338,000 after acquiring an additional 3,092 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.5% during the first quarter. Private Advisor Group LLC now owns 141,200 shares of the investment management company's stock worth $704,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 17.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,708 shares of the investment management company's stock worth $163,000 after acquiring an additional 4,843 shares in the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a non-diversified, closed-end management investment company. The company's primary objective is to seek a high level of current income. It also has a secondary investment objective of long-term capital appreciation. The company was founded on January 25, 2007 and is headquartered in New York, NY.

Further Reading

• Get a free copy of the StockNews.com research report on Morgan Stanley Emerging Markets Domestic Debt Fund (EDD)
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