Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $5.66 and traded as low as $5.32. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.3750, with a volume of 309,438 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

The firm’s 50-day simple moving average is $5.65 and its two-hundred day simple moving average is $5.66.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.21 dividend. This is a decrease from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.24. This represents a $0.84 annualized dividend and a yield of 15.6%. The ex-dividend date was Wednesday, September 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Opinicus Capital Inc. acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter valued at about $51,000. Citadel Advisors LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 2nd quarter valued at $91,000. Noble Wealth Management PBC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 580.0% during the second quarter. Noble Wealth Management PBC now owns 17,000 shares of the investment management company’s stock worth $100,000 after acquiring an additional 14,500 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter worth about $101,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the first quarter worth about $150,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end investment fund managed by Morgan Stanley Investment Management. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in debt securities issued in the domestic markets of emerging-market countries.

Its portfolio may include local-currency government bonds, sovereign and government-related obligations, and debt issued by corporations and other entities in emerging economies.