Morgan Stanley India Investment Fund (NYSE:IIF) Stock Crosses Below 50 Day Moving Average – What’s Next?

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $24.22 and traded as low as $22.91. Morgan Stanley India Investment Fund shares last traded at $22.98, with a volume of 68,861 shares traded.

Morgan Stanley India Investment Fund Trading Down 0.5%

The business has a 50-day moving average price of $24.22 and a 200-day moving average price of $25.95.

Morgan Stanley India Investment Fund Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 19th were issued a dividend of $1.9852 per share. This represents a yield of 778.0%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Morgan Stanley India Investment Fund by 285.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,350 shares of the company’s stock valued at $38,000 after acquiring an additional 1,000 shares during the period. Raymond James Financial Inc. purchased a new position in Morgan Stanley India Investment Fund during the 2nd quarter worth approximately $46,000. Osaic Holdings Inc. raised its stake in Morgan Stanley India Investment Fund by 203.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock valued at $57,000 after purchasing an additional 1,363 shares during the period. Allworth Financial LP lifted its holdings in shares of Morgan Stanley India Investment Fund by 880.0% in the second quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock valued at $138,000 after purchasing an additional 4,400 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Morgan Stanley India Investment Fund in the third quarter valued at $208,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund (NYSE:IIF) is a closed-end investment company sponsored by Morgan Stanley Investment Management and listed on the New York Stock Exchange. Incepted in December 1994, the fund provides U.S. investors with a dedicated vehicle for exposure to the securities of Indian companies. As a closed-end fund, it issues a fixed number of shares that trade on the NYSE, offering liquidity and the potential for share price discovery in addition to underlying net asset value.

The fund’s primary objective is long-term capital appreciation through investments in equity securities of Indian issuers.