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

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 67,200 shares, an increase of 51.7% from the February 13th total of 44,300 shares. Currently, 0.2% of the company's shares are short sold. Based on an average daily volume of 215,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Western Asset Emerging Markets Debt Fund

Several large investors have recently made changes to their positions in the business. Pathstone Holdings LLC boosted its position in Western Asset Emerging Markets Debt Fund by 6.4% during the 3rd quarter. Pathstone Holdings LLC now owns 2,103,953 shares of the company's stock worth $21,419,000 after purchasing an additional 125,714 shares during the period. Avior Wealth Management LLC boosted its position in shares of Western Asset Emerging Markets Debt Fund by 7.3% in the third quarter. Avior Wealth Management LLC now owns 37,207 shares of the company's stock worth $379,000 after buying an additional 2,517 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Western Asset Emerging Markets Debt Fund by 36.1% in the third quarter. Advisors Asset Management Inc. now owns 403,477 shares of the company's stock valued at $4,107,000 after buying an additional 106,948 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund during the 3rd quarter valued at about $4,833,000. Finally, D.A. Davidson & CO. lifted its position in Western Asset Emerging Markets Debt Fund by 42.4% during the 3rd quarter. D.A. Davidson & CO. now owns 73,151 shares of the company's stock worth $745,000 after acquiring an additional 21,793 shares in the last quarter. Institutional investors and hedge funds own 33.05% of the company's stock.

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Western Asset Emerging Markets Debt Fund Stock Up 0.8 %

Shares of NYSE:EMD traded up $0.08 during trading on Wednesday, reaching $9.91. 191,458 shares of the stock were exchanged, compared to its average volume of 197,472. The firm's 50-day moving average price is $9.83 and its 200 day moving average price is $9.89. Western Asset Emerging Markets Debt Fund has a 12-month low of $8.89 and a 12-month high of $10.33.

Western Asset Emerging Markets Debt Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be paid a dividend of $0.09 per share. This is an increase from Western Asset Emerging Markets Debt Fund's previous dividend of $0.09. The ex-dividend date is Monday, March 24th.

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.