Morgan Stanley India Investment Fund (NYSE:IIF) Stock Price Breaks Above 200-Day Moving Average – Here’s Why

Shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $22.41 and traded as high as $22.45. Morgan Stanley India Investment Fund shares last traded at $22.4450, with a volume of 19,944 shares.

Morgan Stanley India Investment Fund Trading Up 0.5%

The stock has a 50-day moving average price of $21.92 and a 200 day moving average price of $22.41.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. grew its position in shares of Morgan Stanley India Investment Fund by 17.0% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,219,023 shares of the company’s stock worth $26,197,000 after acquiring an additional 177,299 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Morgan Stanley India Investment Fund by 3.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 145,988 shares of the company’s stock valued at $3,137,000 after acquiring an additional 5,201 shares during the period. Altium Capital Management LLC increased its holdings in shares of Morgan Stanley India Investment Fund by 170.6% in the 1st quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock valued at $1,626,000 after acquiring an additional 49,821 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Morgan Stanley India Investment Fund in the 2nd quarter valued at $1,681,000. Finally, Royal Bank of Canada raised its position in Morgan Stanley India Investment Fund by 4.4% in the 1st quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock valued at $735,000 after purchasing an additional 1,520 shares during the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in, or deriving a significant portion of their business from, India. The fund provides investors with access to India-focused portfolio exposure through a professionally managed investment vehicle.

The fund generally invests across a range of Indian industries and may hold securities issued by companies of different sizes and sectors.