Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Down 74.4% in April

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMDGet Rating) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 15,000 shares, a decline of 74.4% from the March 31st total of 58,600 shares. Based on an average daily volume of 424,600 shares, the days-to-cover ratio is presently 0.0 days.

Shares of Western Asset Emerging Markets Debt Fund stock traded down $0.12 during trading on Friday, reaching $9.67. The company’s stock had a trading volume of 130,947 shares, compared to its average volume of 411,247. The business’s 50-day moving average price is $10.27 and its 200-day moving average price is $11.91. Western Asset Emerging Markets Debt Fund has a 52 week low of $9.38 and a 52 week high of $14.30.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 23rd will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.17%.

Several institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its stake in Western Asset Emerging Markets Debt Fund by 1.9% in the third quarter. Morgan Stanley now owns 3,306,888 shares of the company’s stock valued at $44,974,000 after purchasing an additional 61,039 shares in the last quarter. Invesco Ltd. raised its stake in Western Asset Emerging Markets Debt Fund by 3.5% in the fourth quarter. Invesco Ltd. now owns 1,101,810 shares of the company’s stock valued at $14,103,000 after purchasing an additional 37,565 shares in the last quarter. Penserra Capital Management LLC raised its stake in Western Asset Emerging Markets Debt Fund by 1.4% in the fourth quarter. Penserra Capital Management LLC now owns 797,354 shares of the company’s stock valued at $10,206,000 after purchasing an additional 11,049 shares in the last quarter. UBS Group AG raised its stake in Western Asset Emerging Markets Debt Fund by 4.3% in the third quarter. UBS Group AG now owns 795,948 shares of the company’s stock valued at $10,825,000 after purchasing an additional 32,857 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $3,958,000.

Western Asset Emerging Markets Debt Fund Company Profile (Get Rating)

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.

Featured Articles

Receive News & Ratings for Western Asset Emerging Markets Debt Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Emerging Markets Debt Fund and related companies with MarketBeat.com's FREE daily email newsletter.