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

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 76,900 shares, a growth of 183.8% from the March 15th total of 27,100 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 225,800 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter worth approximately $38,000. Putney Financial Group LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at about $46,000. Anfield Capital Management LLC bought a new stake in Western Asset Emerging Markets Debt Fund during the fourth quarter valued at about $56,000. Mission Hills Financial Advisory LLC purchased a new position in Western Asset Emerging Markets Debt Fund in the fourth quarter valued at about $108,000. Finally, Vivaldi Capital Management LP bought a new position in Western Asset Emerging Markets Debt Fund in the fourth quarter worth about $161,000. 33.05% of the stock is currently owned by institutional investors.

Western Asset Emerging Markets Debt Fund Trading Down 0.1 %

Shares of EMD traded down $0.01 during midday trading on Wednesday, hitting $9.02. The stock had a trading volume of 190,122 shares, compared to its average volume of 200,198. Western Asset Emerging Markets Debt Fund has a 1 year low of $8.56 and a 1 year high of $10.33. The stock’s 50 day moving average is $9.63 and its 200 day moving average is $9.80.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.09 dividend. This represents a dividend yield of 10.92%. The ex-dividend date of this dividend was Monday, March 24th.

Western Asset Emerging Markets Debt Fund Company Profile

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.