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Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Crosses Above 50 Day Moving Average of $4.24

Defense World ·  Dec 29, 2022 03:51

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD – Get Rating)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.24 and traded as high as $4.33. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.32, with a volume of 344,124 shares changing hands.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

The company's 50 day simple moving average is $4.24 and its 200 day simple moving average is $4.32.

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Morgan Stanley Emerging Markets Domestic Debt Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $0.28 annualized dividend and a dividend yield of 6.48%.

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

Several hedge funds have recently made changes to their positions in the business. UBS Group AG grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.7% in the 2nd 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 during the last quarter. Private Advisor Group LLC grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 2.5% in the 1st quarter. Private Advisor Group LLC now owns 141,200 shares of the investment management company's stock worth $704,000 after purchasing an additional 3,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 17.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,708 shares of the investment management company's stock worth $163,000 after purchasing an additional 4,843 shares during the last quarter. LPL Financial LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 24.8% in the second quarter. LPL Financial LLC now owns 26,079 shares of the investment management company's stock worth $117,000 after acquiring an additional 5,184 shares in the last quarter. Finally, Logan Stone Capital LLC increased its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 19.4% in the third quarter. Logan Stone Capital LLC now owns 43,254 shares of the investment management company's stock worth $174,000 after acquiring an additional 7,027 shares in the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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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.

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