Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD – Get Free Report) saw a significant increase in short interest in 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 trading volume of 215,900 shares, the days-to-cover ratio is currently 0.3 days.
Western Asset Emerging Markets Debt Fund Stock Up 0.4 %
Western Asset Emerging Markets Debt Fund stock traded up $0.04 during mid-day trading on Friday, reaching $9.72. 170,411 shares of the company traded hands, compared to its average volume of 197,901. The firm’s 50 day moving average price is $9.82 and its 200 day moving average price is $9.89. Western Asset Emerging Markets Debt Fund has a 52-week low of $8.89 and a 52-week high of $10.33.
Western Asset Emerging Markets Debt Fund Increases Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Western Asset Emerging Markets Debt Fund’s previous dividend of $0.09.
Institutional Inflows and Outflows
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.
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