Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD)’s share price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $6.88 and traded as low as $6.83. Morgan Stanley Emerging Markets Debt Fund shares last traded at $6.85, with a volume of 51,762 shares changing hands.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

The business’s 50-day moving average price is $6.88 and its 200-day moving average price is $7.28.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.1450 dividend. This represents a $0.58 annualized dividend and a dividend yield of 8.5%. This is a drop from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

Hedge funds have recently made changes to their positions in the business. Beacon Pointe Advisors LLC purchased a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter worth about $13,496,000. Bank of America Corp DE purchased a new position in Morgan Stanley Emerging Markets Debt Fund in the second quarter valued at about $10,272,000. PenderFund Capital Management Ltd. acquired a new stake in Morgan Stanley Emerging Markets Debt Fund in the second quarter valued at approximately $2,968,000. Royal Bank of Canada increased its stake in Morgan Stanley Emerging Markets Debt Fund by 1.6% during the 1st quarter. Royal Bank of Canada now owns 452,466 shares of the company’s stock valued at $3,176,000 after purchasing an additional 7,294 shares in the last quarter. Finally, Rareview Capital LLC raised its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 15.6% in the second quarter. Rareview Capital LLC now owns 312,755 shares of the company’s stock worth $2,418,000 after purchasing an additional 42,128 shares during the last quarter.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) is a closed-end investment fund that seeks to provide current income and, secondarily, capital appreciation by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations. The fund may invest in securities denominated in both U.S. dollars and local currencies. Its portfolio can include sovereign bonds, emerging-market corporate debt and other fixed-income instruments, with exposure generally spanning developing regions in Latin America, Asia, Europe, Africa and the Middle East.