Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 29,900 shares, an increase of 10.3% from the January 31st total of 27,100 shares. Based on an average daily trading volume, of 169,400 shares, the days-to-cover ratio is currently 0.2 days.
Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.9 %
Shares of EDD stock opened at $4.59 on Tuesday. The stock's fifty day simple moving average is $4.54 and its 200 day simple moving average is $4.35. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $3.84 and a one year high of $5.02.
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Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ironsides Asset Advisors LLC boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 14.5% in the fourth quarter. Ironsides Asset Advisors LLC now owns 19,995 shares of the investment management company's stock worth $88,000 after purchasing an additional 2,529 shares in the last quarter. UBS Group AG boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.7% in the second quarter. UBS Group AG now owns 167,230 shares of the investment management company's stock worth $751,000 after purchasing an additional 2,823 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 4.2% during the fourth quarter. Moors & Cabot Inc. now owns 76,857 shares of the investment management company's stock valued at $338,000 after acquiring an additional 3,092 shares during the period. Private Advisor Group LLC lifted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.5% during the first quarter. Private Advisor Group LLC now owns 141,200 shares of the investment management company's stock valued at $704,000 after acquiring an additional 3,500 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 17.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,708 shares of the investment management company's stock valued at $163,000 after acquiring an additional 4,843 shares during the period.
Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile
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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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