Stocks

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

Published January 31, 2025

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD - Get Free Report) experienced a notable drop in short interest for the month of January. By January 15th, the total short interest reached 17,700 shares, marking a significant decrease of 77.0% from the previous total of 76,900 shares recorded on December 31st. With an average trading volume of 204,900 shares, the current days-to-cover ratio stands at a mere 0.1 days.

Institutional Inflows and Outflows

Changes in holdings have been made by several institutional investors and hedge funds in relation to the company. Pathstone Holdings LLC increased its stake in Western Asset Emerging Markets Debt Fund by 6.4% in the third quarter. After acquiring an additional 125,714 shares, Pathstone Holdings LLC now owns 2,103,953 shares valued at approximately $21,419,000. Penserra Capital Management LLC established a new position in the fund during the same period, investing about $4,833,000. Advisors Asset Management Inc. boosted its position by 36.1% in the third quarter, now owning 403,477 shares valued at $4,107,000 following a purchase of an additional 106,948 shares. Meanwhile, Cetera Investment Advisers raised its holdings by 5.7% in the second quarter, currently possessing 286,130 shares worth around $2,664,000 after acquiring 15,473 more shares. Lastly, Ariadne Wealth Management LP made a new investment in the fund during the second quarter, valued at $1,022,000. Approximately 33.05% of the stock is held by institutional investors and hedge funds.

Western Asset Emerging Markets Debt Fund Stock Performance

During mid-day trading on Wednesday, EMD stock saw a decrease of $0.02, bringing its price down to $9.78. A total of 190,312 shares changed hands, compared to the average volume of 176,128 shares. Over the past year, the stock has recorded a low of $8.89 and a high of $10.33. The firm's 50-day simple moving average is currently $9.84, while the 200-day simple moving average is $9.87.

Western Asset Emerging Markets Debt Fund Announces Dividend

The company has announced a dividend that will be paid on Monday, February 3rd. Stockholders on record as of Monday, January 27th, will receive a dividend of $0.0875 per share. 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 operated by Legg Mason Partners Fund Advisor, LLC, and co-managed by Western Asset Management Company and its affiliates. The fund invests in fixed-income markets across emerging market countries worldwide.

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This news alert was generated to provide readers with quick and accurate updates on the performance of the Western Asset Emerging Markets Debt Fund.

Should You Invest $1,000 in Western Asset Emerging Markets Debt Fund Right Now?

If you are considering investing in Western Asset Emerging Markets Debt Fund, it may be worth noting that while it currently has a "Hold" rating among analysts, there are five other stocks recommended by top analysts that may offer better investment opportunities.

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