Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.80 and traded as low as $4.64. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $4.66, with a volume of 258,912 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 1.5 %

The stock has a 50-day moving average price of $4.94 and a 200 day moving average price of $4.80.

Morgan Stanley Emerging Markets Domestic Debt Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 11.61%. The ex-dividend date of this dividend was Monday, September 30th.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 330.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,615 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 6,615 shares during the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the second quarter valued at approximately $71,000. Ironsides Asset Advisors LLC raised its stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.8% during the first quarter. Ironsides Asset Advisors LLC now owns 37,017 shares of the investment management company’s stock worth $176,000 after purchasing an additional 3,313 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 13.4% during the second quarter. Moors & Cabot Inc. now owns 85,359 shares of the investment management company’s stock worth $389,000 after purchasing an additional 10,116 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.7% during the second quarter. Pekin Hardy Strauss Inc. now owns 124,000 shares of the investment management company’s stock worth $565,000 after purchasing an additional 11,000 shares during the period.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.