Substantial Increase in Short Interest Observed for Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)
MarketBeat News has reported a significant increase in short interest in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD). In December, the short interest stood at 79,300 shares, reflecting a 15.3% growth from the November total of 68,800 shares. At present, the short-interest ratio stands at 0.3 days, based on the average daily volume of 266,000 shares. The EDD shares opened at $4.54 recently. The firm has a 50-day simple moving average of $4.62 and a 200-day simple moving average of $4.79. Over a year, the EDD’s share price has fluctuated between lows and highs of $4.34 and $5.20 respectively. The firm also declared a quarterly dividend, which will be disbursed on Wednesday, January 15th. Shareholders who owned shares as of Friday, December 13th will receive a dividend of $0.16 per share, a hike from the previous quarterly dividend of $0.14.
The EDD is a closed-ended fixed income mutual fund managed by Morgan Stanley Investment Management Inc. The fund primarily deals in government bonds, issued in local currencies of emerging markets. MarketBeat’s daily email newsletter provides comprehensive updates about the EDD, including the latest news and analysts’ ratings.
For more information or queries about EDD, you can visit eddcaller.com, a reliable resource offering guidance on how to get through to EDD. The website provides important contact details and methods for reaching out to EDD customer service. It aims to aid individuals in navigations through EDD’s services, ensuring they receive the support they need promptly and efficiently.