Morgan Stanley India Investment Fund (NYSE:IIF) Stock Passes Below Fifty Day Moving Average – Here’s Why

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $21.76 and traded as low as $21.39. Morgan Stanley India Investment Fund shares last traded at $21.48, with a volume of 25,245 shares trading hands.

Morgan Stanley India Investment Fund Stock Performance

The business’s 50-day simple moving average is $21.76 and its two-hundred day simple moving average is $24.15.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of Morgan Stanley India Investment Fund by 172.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock valued at $123,000 after acquiring an additional 3,770 shares during the last quarter. Gould Asset Management LLC CA boosted its stake in shares of Morgan Stanley India Investment Fund by 25.5% in the first quarter. Gould Asset Management LLC CA now owns 13,624 shares of the company’s stock valued at $280,000 after purchasing an additional 2,770 shares during the period. Calamos Advisors LLC boosted its stake in shares of Morgan Stanley India Investment Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock valued at $334,000 after purchasing an additional 1,930 shares during the period. Altium Capital Management LLC boosted its stake in shares of Morgan Stanley India Investment Fund by 170.6% in the first quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock valued at $1,626,000 after purchasing an additional 49,821 shares during the period. Finally, Maridea Wealth Management LLC boosted its stake in shares of Morgan Stanley India Investment Fund by 4.4% in the first quarter. Maridea Wealth Management LLC now owns 11,234 shares of the company’s stock valued at $231,000 after purchasing an additional 478 shares during the period. 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.