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

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) saw a significant drop in short interest during 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 presently 0.1 days.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pathstone Holdings LLC raised its stake in Western Asset Emerging Markets Debt Fund by 6.4% during the third quarter. Pathstone Holdings LLC now owns 2,103,953 shares of the company’s stock valued at $21,419,000 after purchasing an additional 125,714 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the 3rd quarter worth about $4,833,000. Advisors Asset Management Inc. raised its position in shares of Western Asset Emerging Markets Debt Fund by 36.1% during the 3rd 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. Cetera Investment Advisers lifted its holdings in shares of Western Asset Emerging Markets Debt Fund by 5.7% in the 2nd quarter. Cetera Investment Advisers now owns 286,130 shares of the company’s stock valued at $2,664,000 after acquiring an additional 15,473 shares during the last quarter. Finally, Ariadne Wealth Management LP purchased a new position in Western Asset Emerging Markets Debt Fund in the second quarter worth about $1,022,000. 33.05% of the stock is currently owned by institutional investors.

Western Asset Emerging Markets Debt Fund Price Performance

NYSE:EMD traded down $0.02 on Wednesday, reaching $9.78. 190,312 shares of the company’s stock traded hands, compared to its average volume of 176,128. The stock has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $9.87. 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 Dividend Announcement

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

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.