Morgan Stanley India Investment Fund (NYSE:IIF) Shares Climb 0.1% – Here’s Why

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF)’s stock price traded up 0.1% during trading on Tuesday. The company traded as high as $21.95 and last traded at $21.7580. Approximately 2,857 shares were traded during trading, a decline of 84% from the average session volume of 17,872 shares. The stock had previously closed at $21.74.

Morgan Stanley India Investment Fund Trading Up 0.1%

The business’s fifty day simple moving average is $21.96 and its 200 day simple moving average is $22.43.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Morgan Stanley India Investment Fund in the second quarter valued at approximately $1,681,000. Altium Capital Management LLC raised its position in Morgan Stanley India Investment Fund by 170.6% in the 1st quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock worth $1,626,000 after purchasing an additional 49,821 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Morgan Stanley India Investment Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock worth $334,000 after buying an additional 1,930 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Morgan Stanley India Investment Fund by 172.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock worth $123,000 after buying an additional 3,770 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new position in Morgan Stanley India Investment Fund during the 1st quarter worth $325,000. 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-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in, or deriving a significant portion of their business from, India. The fund provides investors with access to India-focused portfolio exposure through a professionally managed investment vehicle.

The fund generally invests across a range of Indian industries and may hold securities issued by companies of different sizes and sectors.