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

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) experienced a notable drop in short interest during January. According to the data available as of January 15th, the short interest stood at 17,700 shares. This represents a significant decrease of 77.0% compared to the December 31st figure of 76,900 shares. Given the average trading volume of 204,900 shares, the current days-to-cover ratio is 0.1 days.

Institutional Inflows and Outflows

Recently, several institutional investors and hedge funds have made changes to their holdings in Western Asset Emerging Markets Debt Fund. Pathstone Holdings LLC increased its stake in the company by 6.4% during the third quarter, now owning 2,103,953 shares valued at $21,419,000 after acquiring an additional 125,714 shares. Additionally, Penserra Capital Management LLC bought a new position in the fund worth approximately $4,833,000 during the same quarter. Advisors Asset Management Inc. also boosted its stake by 36.1%, now holding 403,477 shares valued at $4,107,000 after purchasing 106,948 additional shares. Cetera Investment Advisers increased its holdings by 5.7%, with 286,130 shares currently valued at $2,664,000 following the purchase of 15,473 shares. In the second quarter, Ariadne Wealth Management LP also established a new position valued at $1,022,000. Notably, institutional investors and hedge funds collectively own 33.05% of the stock.

Western Asset Emerging Markets Debt Fund Stock Performance

During mid-day trading on Wednesday, EMD stock saw a slight decline of $0.02, bringing its price to $9.78. Approximately 190,312 shares were traded, compared to the average volume of 176,128. The stock has a one-year low of $8.89 and a one-year high of $10.33, with the 50-day simple moving average at $9.84 and the 200-day simple moving average at $9.87.

Western Asset Emerging Markets Debt Fund Announces Dividend

The company has also announced a dividend, scheduled to be paid on Monday, February 3rd. Stockholders on record as of Monday, January 27th, will receive a dividend of $0.0875. The ex-dividend date is set for Friday, January 24th, representing a dividend 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 managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and its subsidiaries. The fund primarily invests in fixed-income markets within emerging market countries globally.

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This article was generated using financial data and analytics technology to provide accurate reporting on market performance.

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