Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 17,700 shares, a drop of 77.0% from the December 15th total of 76,900 shares. Based on an average daily trading volume, of 204,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in Western Asset Emerging Markets Debt Fund by 1,221.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock worth $44,000 after buying an additional 4,411 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Western Asset Emerging Markets Debt Fund by 918.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,108 shares of the company’s stock worth $600,000 after acquiring an additional 5,508 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter worth $104,000. Jane Street Group LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund in the third quarter valued at about $192,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the second quarter valued at about $216,000. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Trading Down 0.6 %

Western Asset Emerging Markets Debt Fund stock traded down $0.06 during mid-day trading on Monday, reaching $9.64. The stock had a trading volume of 146,897 shares, compared to its average volume of 153,871. Western Asset Emerging Markets Debt Fund has a fifty-two week low of $8.88 and a fifty-two week high of $10.33. The stock’s 50-day simple moving average is $9.84 and its 200-day simple moving average is $9.84.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a $0.0875 dividend. The ex-dividend date is Friday, January 24th.

About Western Asset Emerging Markets Debt Fund

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.