Short Interest in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Declines By 77.0%

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 17,700 shares, a drop of 77.0% from the December 15th total of 76,900 shares. Based on an average daily trading volume, of 204,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EMD. Penserra Capital Management LLC acquired a new position in Western Asset Emerging Markets Debt Fund during the third quarter valued at approximately $4,833,000. Pathstone Holdings LLC raised its stake 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 buying an additional 125,714 shares during the period. Ariadne Wealth Management LP bought a new position in Western Asset Emerging Markets Debt Fund during the second quarter worth about $1,022,000. Advisors Asset Management Inc. grew its stake in 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 acquiring an additional 106,948 shares during the period. Finally, Choreo LLC bought a new stake in shares of Western Asset Emerging Markets Debt Fund in the second quarter worth about $461,000. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Trading Down 0.3 %

Shares of EMD stock traded down $0.03 on Tuesday, reaching $9.63. 140,834 shares of the stock were exchanged, compared to its average volume of 152,229. Western Asset Emerging Markets Debt Fund has a one year low of $8.88 and a one year high of $10.33. The stock has a 50 day moving average price of $9.84 and a 200 day moving average price of $9.84.

Western Asset Emerging Markets Debt Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $0.0875 per share. The ex-dividend date of this dividend is Friday, January 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.