Morgan Stanley India Investment Fund (NYSE:IIF) Trading 0.3% Higher – Here’s Why

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was up 0.3% during trading on Monday . The company traded as high as $24.70 and last traded at $24.62. Approximately 202,483 shares were traded during mid-day trading, an increase of 454% from the average daily volume of 36,526 shares. The stock had previously closed at $24.55.

Morgan Stanley India Investment Fund Stock Performance

The firm has a 50 day simple moving average of $26.71 and a two-hundred day simple moving average of $27.48.

Morgan Stanley India Investment Fund Cuts Dividend

The business also recently announced a — dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were given a dividend of $2.6969 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of Morgan Stanley India Investment Fund

A number of large investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Morgan Stanley India Investment Fund by 18.9% during the second quarter. Bank of Montreal Can now owns 29,560 shares of the company’s stock worth $791,000 after purchasing an additional 4,700 shares during the period. Logan Stone Capital LLC purchased a new stake in Morgan Stanley India Investment Fund during the 2nd quarter worth about $1,115,000. Almitas Capital LLC boosted its stake in Morgan Stanley India Investment Fund by 2.3% in the 2nd quarter. Almitas Capital LLC now owns 114,751 shares of the company’s stock worth $3,070,000 after purchasing an additional 2,560 shares during the period. HighTower Advisors LLC purchased a new position in Morgan Stanley India Investment Fund during the 3rd quarter valued at about $248,000. Finally, Stifel Financial Corp increased its position in shares of Morgan Stanley India Investment Fund by 5.5% during the third quarter. Stifel Financial Corp now owns 65,506 shares of the company’s stock valued at $1,970,000 after buying an additional 3,411 shares during the period. 36.96% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.