Almitas Capital LLC Grows Stock Position in Morgan Stanley India Investment Fund, Inc. $IIF

Key Points

• Almitas Capital LLC increased its stake in Morgan Stanley India Investment Fund, Inc. by 21.3%, purchasing an additional 18,424 shares to bring its total holdings to 104,744 shares.
• Institutional investors own 36.96% of the company's stock, with other firms like Saba Capital Management and Bank of America also boosting their stakes in recent quarters.
• As of the latest report, Morgan Stanley India Investment Fund's share price is trading at $26.33, with a 52-week range between $22.20 and $30.41.

Almitas Capital LLC boosted its position in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,744 shares of the company's stock after purchasing an additional 18,424 shares during the quarter. Morgan Stanley India Investment Fund comprises approximately 0.8% of Almitas Capital LLC's investment portfolio, making the stock its 25th largest position. Almitas Capital LLC owned about 1.10% of Morgan Stanley India Investment Fund worth $2,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IIF. Stifel Financial Corp increased its stake in shares of Morgan Stanley India Investment Fund by 11.9% in the 4th quarter. Stifel Financial Corp now owns 73,289 shares of the company's stock worth $1,852,000 after acquiring an additional 7,783 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Morgan Stanley India Investment Fund by 3.8% in the 4th quarter. Bank of America Corp DE now owns 110,250 shares of the company's stock valued at $2,786,000 after buying an additional 4,028 shares during the period. Main Management LLC purchased a new stake in Morgan Stanley India Investment Fund during the 4th quarter worth about $151,000. Saba Capital Management L.P. lifted its stake in Morgan Stanley India Investment Fund by 9.7% during the fourth quarter. Saba Capital Management L.P. now owns 741,531 shares of the company's stock worth $18,738,000 after purchasing an additional 65,828 shares during the last quarter. Finally, Elequin Capital LP purchased a new stake in Morgan Stanley India Investment Fund during the fourth quarter worth approximately $54,000. 36.96% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley India Investment Fund Price Performance

NYSE IIF traded down $0.08 on Friday, reaching $26.67. The stock had a trading volume of 8,495 shares, compared to its average volume of 22,239. Morgan Stanley India Investment Fund, Inc. has a 12-month low of $22.20 and a 12-month high of $30.41. The business's 50-day moving average price is $27.35 and its 200 day moving average price is $26.03.

About Morgan Stanley India Investment Fund

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.