Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Down 0.5% – Here’s What Happened

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD)’s share price traded down 0.5% on Monday. The stock traded as low as $6.65 and last traded at $6.7040. Approximately 107,795 shares changed hands during trading, an increase of 6% from the average daily volume of 101,507 shares. The stock had previously closed at $6.74.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

The firm has a 50 day moving average price of $7.06 and a two-hundred day moving average price of $7.22.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.1450 dividend. This is a decrease from Morgan Stanley Emerging Markets Debt Fund’s previous quarterly dividend of $0.15. This represents a $0.58 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund in the 1st quarter valued at approximately $28,000. Noble Wealth Management PBC purchased a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the 2nd quarter valued at approximately $34,000. Global Retirement Partners LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the second quarter worth approximately $33,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the second quarter worth approximately $46,000. Finally, 49 Wealth Management LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund during the second quarter worth approximately $81,000.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE: MSD) is a closed-end investment fund that seeks to provide investors with current income and, to a lesser extent, capital appreciation. The fund invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries.

Its portfolio may include sovereign and corporate bonds, loans and other fixed-income instruments denominated in local currencies or major international currencies.