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

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

Hedge Funds Weigh In On Western Asset Emerging Markets Debt Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Insigneo Advisory Services LLC raised its holdings in Western Asset Emerging Markets Debt Fund by 14.6% during the 1st quarter. Insigneo Advisory Services LLC now owns 54,856 shares of the company's stock worth $543,000 after purchasing an additional 6,994 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in Western Asset Emerging Markets Debt Fund during the first quarter worth approximately $242,000. Merit Financial Group LLC bought a new position in shares of Western Asset Emerging Markets Debt Fund during the 1st quarter worth approximately $255,000. Comprehensive Money Management Services LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 4th quarter valued at $604,000. Finally, Jefferies Financial Group Inc. bought a new position in Western Asset Emerging Markets Debt Fund during the fourth quarter worth $192,000. 33.05% of the stock is owned by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of Western Asset Emerging Markets Debt Fund stock traded up $0.11 during trading on Friday, hitting $9.11. The company's stock had a trading volume of 235,816 shares, compared to its average volume of 199,421. Western Asset Emerging Markets Debt Fund has a 52 week low of $8.56 and a 52 week high of $10.33. The stock has a 50-day moving average price of $9.60 and a two-hundred day moving average price of $9.78.

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 paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a dividend yield of 10.92%.

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.