Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Rating) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 44,700 shares, an increase of 40.1% from the December 31st total of 31,900 shares. Based on an average trading volume of 214,700 shares, the short-interest ratio is presently 0.2 days.
Western Asset Emerging Markets Debt Fund Stock Performance
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Shares of NYSE EMD traded up $0.08 during midday trading on Friday, hitting $9.56. 441,503 shares of the company’s stock were exchanged, compared to its average volume of 226,922. The stock’s 50 day moving average price is $9.13 and its 200-day moving average price is $8.86. Western Asset Emerging Markets Debt Fund has a twelve month low of $7.40 and a twelve month high of $12.05.
Western Asset Emerging Markets Debt Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, February 17th. This represents a $0.96 annualized dividend and a yield of 10.04%.
Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. lifted its position in shares of Western Asset Emerging Markets Debt Fund by 807.8% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 226,957 shares of the company’s stock valued at $2,502,000 after acquiring an additional 201,957 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Western Asset Emerging Markets Debt Fund by 33.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 708,711 shares of the company’s stock valued at $6,257,000 after purchasing an additional 176,733 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 2nd quarter valued at $1,261,000. Penserra Capital Management LLC boosted its position in shares of Western Asset Emerging Markets Debt Fund by 15.4% in the 1st quarter. Penserra Capital Management LLC now owns 919,896 shares of the company’s stock valued at $9,870,000 after purchasing an additional 122,542 shares during the period. Finally, Quantedge Capital Pte Ltd acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the 1st quarter valued at $1,106,000.
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.
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