Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Declines By 59.7%

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 27,100 shares, a decrease of 59.7% from the February 28th total of 67,200 shares. Based on an average daily volume of 221,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Apollon Wealth Management LLC purchased a new stake in Western Asset Emerging Markets Debt Fund during the 4th quarter worth about $245,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Western Asset Emerging Markets Debt Fund during the fourth quarter worth about $602,000. Jane Street Group LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund in the third quarter valued at approximately $192,000. HighTower Advisors LLC lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 364.3% during the fourth quarter. HighTower Advisors LLC now owns 72,792 shares of the company's stock valued at $700,000 after buying an additional 57,115 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Western Asset Emerging Markets Debt Fund by 24.6% during the fourth quarter. Advisors Asset Management Inc. now owns 502,914 shares of the company's stock worth $4,838,000 after acquiring an additional 99,437 shares during the last quarter. 33.05% of the stock is currently owned by hedge funds and other institutional investors.

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Western Asset Emerging Markets Debt Fund Trading Down 0.5 %

Shares of EMD traded down $0.05 during mid-day trading on Friday, reaching $9.81. 186,886 shares of the company's stock were exchanged, compared to its average volume of 196,994. Western Asset Emerging Markets Debt Fund has a 52-week low of $8.89 and a 52-week high of $10.33. The company has a 50-day simple moving average of $9.85 and a two-hundred day simple moving average of $9.89.

Western Asset Emerging Markets Debt Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.09 per share. This represents a yield of 10.92%. The ex-dividend date of this dividend is 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.