Morgan Stanley India Investment Fund (NYSE:IIF) Shares Up 0.3% – Here’s What Happened

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

Morgan Stanley India Investment Fund Stock Down 0.5 %

The company’s fifty day moving average price is $26.65 and its two-hundred day moving average price is $27.46.

Morgan Stanley India Investment Fund Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its holdings in shares of Morgan Stanley India Investment Fund by 18.9% in the second quarter. Bank of Montreal Can now owns 29,560 shares of the company’s stock valued at $791,000 after purchasing an additional 4,700 shares in the last quarter. Logan Stone Capital LLC purchased a new stake in shares of Morgan Stanley India Investment Fund in the second quarter valued at about $1,115,000. Almitas Capital LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 2.3% in the second quarter. Almitas Capital LLC now owns 114,751 shares of the company’s stock valued at $3,070,000 after purchasing an additional 2,560 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Morgan Stanley India Investment Fund in the third quarter valued at about $248,000. Finally, Stifel Financial Corp lifted its holdings in shares of Morgan Stanley India Investment Fund by 5.5% in the third quarter. Stifel Financial Corp now owns 65,506 shares of the company’s stock valued at $1,970,000 after purchasing an additional 3,411 shares in the last quarter. 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, 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.