Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.80 and traded as low as $4.64. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.66, with a volume of 258,912 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The stock’s 50 day moving average is $4.95 and its 200 day moving average is $4.80.

Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 11.59%. The ex-dividend date was Monday, September 30th.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

A number of institutional investors and hedge funds have recently made changes to their positions in EDD. Ironsides Asset Advisors LLC raised its stake in 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 valued at $176,000 after buying an additional 3,313 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 3.4% in the third quarter. Private Advisor Group LLC now owns 156,250 shares of the investment management company’s stock worth $788,000 after acquiring an additional 5,200 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 6,615 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 13.4% in the second quarter. Moors & Cabot Inc. now owns 85,359 shares of the investment management company’s stock valued at $389,000 after acquiring an additional 10,116 shares during the period. Finally, Pekin Hardy Strauss Inc. boosted its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% in the second quarter. Pekin Hardy Strauss Inc. now owns 124,000 shares of the investment management company’s stock worth $565,000 after purchasing an additional 11,000 shares during the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.