Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Sees Large Increase in Short Interest

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 81,200 shares, a growth of 9.3% from the August 31st total of 74,300 shares. Based on an average daily trading volume, of 180,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EMD. Rothschild Investment LLC acquired a new position in Western Asset Emerging Markets Debt Fund during the 2nd quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its stake in Western Asset Emerging Markets Debt Fund by 1,221.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock worth $44,000 after purchasing an additional 4,411 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter worth about $48,000. Arkadios Wealth Advisors acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter worth about $96,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 4th quarter worth about $104,000. 33.05% of the stock is owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Price Performance

EMD remained flat at $10.18 on Tuesday. The company had a trading volume of 252,241 shares, compared to its average volume of 201,052. Western Asset Emerging Markets Debt Fund has a 1 year low of $7.85 and a 1 year high of $10.29. The business has a fifty day moving average price of $9.85 and a 200-day moving average price of $9.55.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 24th will be paid a dividend of $0.0845 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.01 annualized dividend and a yield of 9.96%.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. The fund invests in fixed income markets of emerging market countries across the globe.