Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Shares Pass Below 200 Day Moving Average – What’s Next?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.76 and traded as low as $4.72. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.76, with a volume of 324,620 shares traded.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.3 %

The firm has a 50 day moving average of $4.58 and a two-hundred day moving average of $4.76.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a $0.16 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 13.46%. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pathstone Holdings LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 9.0% during the fourth quarter. Pathstone Holdings LLC now owns 4,795,139 shares of the investment management company’s stock worth $21,844,000 after buying an additional 396,007 shares in the last quarter. Bulldog Investors LLP boosted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 340.0% during the fourth quarter. Bulldog Investors LLP now owns 55,414 shares of the investment management company’s stock valued at $252,000 after acquiring an additional 42,820 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter worth about $437,000. Bank of America Corp DE raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.5% in the 4th quarter. Bank of America Corp DE now owns 1,550,885 shares of the investment management company’s stock valued at $7,041,000 after purchasing an additional 22,307 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 76.0% in the 4th quarter. Ancora Advisors LLC now owns 48,871 shares of the investment management company’s stock valued at $222,000 after purchasing an additional 21,100 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.