Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Price Passes Below Two Hundred Day Moving Average of $4.68

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.68 and traded as low as $4.58. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.62, with a volume of 165,626 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The stock’s 50 day simple moving average is $4.68 and its 200-day simple moving average is $4.68.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 11.70%.

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

Several institutional investors have recently modified their holdings of EDD. Ironsides Asset Advisors LLC lifted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.8% during the 1st quarter. Ironsides Asset Advisors LLC now owns 37,017 shares of the investment management company’s stock worth $176,000 after buying an additional 3,313 shares during the last quarter. Matisse Capital raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 156.1% during the 1st quarter. Matisse Capital now owns 360,825 shares of the investment management company’s stock worth $1,714,000 after acquiring an additional 219,950 shares in the last quarter. Private Advisor Group LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 7.8% during the 1st quarter. Private Advisor Group LLC now owns 139,750 shares of the investment management company’s stock worth $664,000 after acquiring an additional 10,153 shares in the last quarter. PFG Investments LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter valued at $473,000. Finally, Bridge Advisory LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 31.8% during the first quarter. Bridge Advisory LLC now owns 635,124 shares of the investment management company’s stock worth $3,017,000 after purchasing an additional 153,121 shares during the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.