Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Decreases By 61.1%

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 47,400 shares, a decline of 61.1% from the September 30th total of 121,800 shares. Based on an average daily volume of 193,700 shares, the short-interest ratio is presently 0.2 days.

Western Asset Emerging Markets Debt Fund Price Performance

Shares of EMD stock traded down $0.05 during mid-day trading on Monday, hitting $9.76. The company had a trading volume of 240,304 shares, compared to its average volume of 203,366. The stock's 50 day moving average price is $10.00 and its 200-day moving average price is $9.63. Western Asset Emerging Markets Debt Fund has a 52-week low of $7.91 and a 52-week high of $10.33.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 21st will be paid a $0.0845 dividend. This represents a $1.01 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Thursday, November 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the 2nd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Western Asset Emerging Markets Debt Fund by 1,221.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,772 shares of the company's stock valued at $44,000 after purchasing an additional 4,411 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Western Asset Emerging Markets Debt Fund in the third quarter worth $104,000. Uncommon Cents Investing LLC raised its stake in Western Asset Emerging Markets Debt Fund by 20.9% during the first quarter. Uncommon Cents Investing LLC now owns 15,600 shares of the company's stock valued at $150,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Hoylecohen LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the second quarter valued at $172,000. Hedge funds and other institutional investors own 33.05% of the company's stock.

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.