Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.49 and traded as high as $4.60. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.56, with a volume of 125,056 shares.
Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 0.4 %
The firm has a 50 day moving average price of $4.49 and a 200-day moving average price of $4.35.
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The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 16th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 6.14%. The ex-dividend date was Thursday, December 15th.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EDD. Saba Capital Management L.P. purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the first quarter valued at approximately $5,736,000. PenderFund Capital Management Ltd. grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 341.3% in the fourth quarter. PenderFund Capital Management Ltd. now owns 661,935 shares of the investment management company's stock valued at $3,944,000 after purchasing an additional 511,935 shares during the period. Bank of America Corp DE grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 12.0% in the first quarter. Bank of America Corp DE now owns 4,445,626 shares of the investment management company's stock valued at $22,183,000 after purchasing an additional 475,934 shares during the period. Bulldog Investors LLP acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at approximately $1,413,000. Finally, Citadel Advisors LLC grew its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 680.4% in the second quarter. Citadel Advisors LLC now owns 224,416 shares of the investment management company's stock valued at $1,008,000 after purchasing an additional 195,660 shares during the period.About Morgan Stanley Emerging Markets Domestic Debt Fund
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Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a non-diversified, closed-end management investment company. The company's primary objective is to seek a high level of current income. It also has a secondary investment objective of long-term capital appreciation. The company was founded on January 25, 2007 and is headquartered in New York, NY.
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