Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.77 and traded as low as $4.66. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.69, with a volume of 213,013 shares trading hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Price Performance

The stock has a 50-day simple moving average of $4.56 and a 200 day simple moving average of $4.77.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 13.66%. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock worth $39,000 after purchasing an additional 6,615 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 3rd quarter worth $46,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter worth $48,000. Virtu Financial LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth $72,000. Finally, Jane Street Group LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the 3rd quarter worth $130,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

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.