Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Sees Significant Decrease in Short Interest

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a significant drop in short interest during 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 trading volume of 204,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Western Asset Emerging Markets Debt Fund

A number of institutional investors have recently bought and sold shares of EMD. Insigneo Advisory Services LLC lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 12.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 41,408 shares of the company’s stock valued at $422,000 after purchasing an additional 4,713 shares during the period. Jane Street Group LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the third quarter valued at approximately $192,000. Integrated Wealth Concepts LLC lifted its stake in Western Asset Emerging Markets Debt Fund by 1.1% in the third quarter. Integrated Wealth Concepts LLC now owns 106,669 shares of the company’s stock valued at $1,086,000 after buying an additional 1,190 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Western Asset Emerging Markets Debt Fund by 42.4% during the 3rd quarter. D.A. Davidson & CO. now owns 73,151 shares of the company’s stock worth $745,000 after buying an additional 21,793 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter worth approximately $4,833,000. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Down 0.6 %

Western Asset Emerging Markets Debt Fund stock traded down $0.06 during mid-day trading on Monday, hitting $9.64. 146,897 shares of the stock were exchanged, compared to its average volume of 153,871. The firm’s fifty day simple moving average is $9.84 and its two-hundred day simple moving average is $9.84. Western Asset Emerging Markets Debt Fund has a 12 month low of $8.88 and a 12 month high of $10.33.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.0875 dividend. The ex-dividend date of this dividend 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.