Morgan Stanley India Investment Fund (NYSE:IIF) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $24.22 and traded as low as $22.91. Morgan Stanley India Investment Fund shares last traded at $22.98, with a volume of 68,861 shares.

Morgan Stanley India Investment Fund Stock Down 0.8%

The firm has a fifty day moving average price of $24.18 and a 200-day moving average price of $25.91.

Morgan Stanley India Investment Fund Dividend Announcement

The business also recently declared an annual dividend, which was paid on Thursday, January 15th. Investors of record on Friday, December 19th were issued a $1.9852 dividend. This represents a dividend yield of 778.0%. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Trading of Morgan Stanley India Investment Fund

Several hedge funds have recently added to or reduced their stakes in IIF. Steward Partners Investment Advisory LLC lifted its stake in Morgan Stanley India Investment Fund by 285.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,350 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter worth $46,000. Osaic Holdings Inc. increased its holdings in Morgan Stanley India Investment Fund by 203.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock worth $57,000 after acquiring an additional 1,363 shares during the last quarter. Allworth Financial LP lifted its holdings in Morgan Stanley India Investment Fund by 880.0% during the second quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock valued at $138,000 after purchasing an additional 4,400 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in Morgan Stanley India Investment Fund during the third quarter worth about $208,000. Institutional investors own 36.96% of the company’s stock.

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.