Shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) were down 0.2% on Friday . The stock traded as low as $27.91 and last traded at $28.24. Approximately 9,827 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 42,806 shares. The stock had previously closed at $28.30.
Morgan Stanley India Investment Fund Stock Down 0.2%
The firm has a 50 day simple moving average of $27.00 and a two-hundred day simple moving average of $25.26.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of IIF. Saba Capital Management L.P. lifted its holdings in shares of Morgan Stanley India Investment Fund by 9.7% in the 4th quarter. Saba Capital Management L.P. now owns 741,531 shares of the company's stock valued at $18,738,000 after buying an additional 65,828 shares during the period. Bulldog Investors LLP lifted its holdings in shares of Morgan Stanley India Investment Fund by 42.5% in the 4th quarter. Bulldog Investors LLP now owns 287,644 shares of the company's stock valued at $7,295,000 after buying an additional 85,772 shares during the period. Main Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund in the 4th quarter valued at approximately $151,000. Penserra Capital Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund in the 1st quarter valued at approximately $3,203,000. Finally, Bank of America Corp DE lifted its holdings 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. 36.96% of the stock is currently owned by hedge funds and other institutional investors.
About Morgan Stanley India Investment Fund
(
Get Free Report)
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.
Featured Articles
Before you consider Morgan Stanley India Investment Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Morgan Stanley India Investment Fund wasn't on the list.
While Morgan Stanley India Investment Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
