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)’s share price 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 traded.

Morgan Stanley India Investment Fund Stock Performance

The company’s 50-day moving average is $21.76 and its 200-day moving average is $24.15.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gould Asset Management LLC CA increased its position in Morgan Stanley India Investment Fund by 3.6% during the third quarter. Gould Asset Management LLC CA now owns 10,854 shares of the company’s stock worth $286,000 after purchasing an additional 380 shares during the last quarter. Maridea Wealth Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 4.4% during the first quarter. Maridea Wealth Management LLC now owns 11,234 shares of the company’s stock valued at $231,000 after acquiring an additional 478 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 11.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,700 shares of the company’s stock valued at $218,000 after acquiring an additional 900 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Morgan Stanley India Investment Fund by 203.7% during the second quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock valued at $57,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Morgan Stanley India Investment Fund during the second quarter valued at about $46,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.

About Morgan Stanley India Investment Fund

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.