Media stories about Morgan Stanley India Investment Fund (NYSE:IIF) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Morgan Stanley India Investment Fund earned a news impact score of 0.04 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.316975424187 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Morgan Stanley India Investment Fund (NYSE:IIF) opened at $31.04 on Wednesday. Morgan Stanley India Investment Fund has a 1-year low of $29.61 and a 1-year high of $36.80.
In related news, major shareholder City Of London Investment Grou sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $30.93, for a total value of $463,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 270,882 shares of company stock worth $9,203,773.
About Morgan Stanley India Investment Fund
Morgan Stanley India Investment Fund, Inc is a non-diversified, closed-end management investment company. The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund invests in a range of portfolio sectors, including auto components; automobiles; banks; capital markets; construction and engineering; construction materials; consumer finance; diversified financial services; electronic equipment, instruments and components; gas utilities; information technology services; machinery; media; personal products; oil, gas and consumable fuels; pharmaceuticals; tobacco; transportation infrastructure, and water utilities.
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