Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Sees Large Growth in Short Interest

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 24,474 shares, an increase of 97.8% from the February 26th total of 12,375 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 113,578 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

Several large investors have recently made changes to their positions in MSD. Dynamic Advisor Solutions LLC increased its stake in Morgan Stanley Emerging Markets Debt Fund by 4.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 47,049 shares of the company’s stock valued at $348,000 after acquiring an additional 1,912 shares during the last quarter. Fiera Capital Corp raised its position in Morgan Stanley Emerging Markets Debt Fund by 19.9% during the third quarter. Fiera Capital Corp now owns 114,805 shares of the company’s stock valued at $846,000 after purchasing an additional 19,087 shares in the last quarter. Maridea Wealth Management LLC lifted its stake in Morgan Stanley Emerging Markets Debt Fund by 19.3% during the third quarter. Maridea Wealth Management LLC now owns 34,709 shares of the company’s stock worth $254,000 after purchasing an additional 5,619 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in Morgan Stanley Emerging Markets Debt Fund by 6.4% during the third quarter. Whipplewood Advisors LLC now owns 206,769 shares of the company’s stock worth $1,524,000 after purchasing an additional 12,391 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the 3rd quarter valued at $993,000.

Morgan Stanley Emerging Markets Debt Fund Trading Down 1.5%

MSD traded down $0.11 on Thursday, hitting $7.25. 90,951 shares of the stock were exchanged, compared to its average volume of 96,213. Morgan Stanley Emerging Markets Debt Fund has a 12 month low of $6.91 and a 12 month high of $8.25. The business has a 50-day moving average of $7.64 and a two-hundred day moving average of $7.48.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.14 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 7.7%.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.