Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 74,200 shares, a growth of 155.0% from the February 28th total of 29,100 shares. Based on an average daily trading volume, of 160,800 shares, the short-interest ratio is presently 0.5 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

Shares of EDD opened at $4.60 on Thursday. The firm has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $4.36. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $3.84 and a twelve month high of $5.02.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.32 annualized dividend and a dividend yield of 6.96%.

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

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

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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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.

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