Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Short Interest Update

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 17,700 shares, a drop of 77.0% from the December 31st total of 76,900 shares. Based on an average daily trading volume, of 204,900 shares, the days-to-cover ratio is currently 0.1 days.

Western Asset Emerging Markets Debt Fund Stock Performance

NYSE:EMD traded down $0.02 during trading hours on Wednesday, hitting $9.78. The company had a trading volume of 190,312 shares, compared to its average volume of 176,128. The stock has a 50-day moving average price of $9.84 and a 200 day moving average price of $9.87. Western Asset Emerging Markets Debt Fund has a 52 week low of $8.89 and a 52 week high of $10.33.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 27th will be paid a $0.0875 dividend. This represents a yield of 10.66%. The ex-dividend date is Friday, January 24th.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company’s stock worth $44,000 after acquiring an additional 4,411 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Western Asset Emerging Markets Debt Fund in the third quarter worth about $104,000. Mission Hills Financial Advisory LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter valued at approximately $108,000. Jane Street Group LLC purchased a new position in shares of Western Asset Emerging Markets Debt Fund during the third quarter valued at approximately $192,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 2nd quarter worth approximately $216,000. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

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.