Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Sees Significant Drop in Short Interest

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 397,347 shares, a drop of 21.7% from the February 12th total of 507,566 shares. Based on an average daily volume of 326,562 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 326,562 shares, the days-to-cover ratio is presently 1.2 days.

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

Several large investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.9% during the third quarter. Evergreen Capital Management LLC now owns 3,376,960 shares of the investment management company’s stock worth $18,568,000 after acquiring an additional 96,306 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter valued at approximately $167,000. Azzad Asset Management Inc. ADV bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth approximately $109,000. Capital Investment Advisors LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 29.1% in the fourth quarter. Capital Investment Advisors LLC now owns 44,757 shares of the investment management company’s stock worth $243,000 after purchasing an additional 10,091 shares in the last quarter. Finally, Choreo LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth $75,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.6%

Shares of EDD traded down $0.04 during trading hours on Friday, reaching $5.50. 655,317 shares of the company traded hands, compared to its average volume of 517,760. The stock’s fifty day moving average price is $5.84 and its 200 day moving average price is $5.57. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12-month low of $4.28 and a 12-month high of $6.18.

About Morgan Stanley Emerging Markets Domestic Debt Fund

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.