Morgan Stanley India Investment Fund (NYSE:IIF) Shares Pass Above Fifty Day Moving Average – What’s Next?

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.94 and traded as high as $22.89. Morgan Stanley India Investment Fund shares last traded at $22.2840, with a volume of 32,565 shares traded.

Morgan Stanley India Investment Fund Price Performance

The firm’s 50 day moving average price is $21.94 and its two-hundred day moving average price is $23.21.

Institutional Trading of Morgan Stanley India Investment Fund

Several large investors have recently made changes to their positions in IIF. City of London Investment Management Co. Ltd. raised its stake in Morgan Stanley India Investment Fund by 366.1% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 482,174 shares of the company’s stock worth $12,705,000 after buying an additional 378,732 shares during the period. Lazard Asset Management LLC raised its position in shares of Morgan Stanley India Investment Fund by 16.5% during the second quarter. Lazard Asset Management LLC now owns 684,428 shares of the company’s stock worth $19,321,000 after purchasing an additional 96,761 shares during the period. Altium Capital Management LLC grew its holdings in shares of Morgan Stanley India Investment Fund by 170.6% during the first quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock valued at $1,626,000 after buying an additional 49,821 shares during the last quarter. Pursuit Wealth Management LLC bought a new stake in shares of Morgan Stanley India Investment Fund during the fourth quarter worth about $717,000. Finally, Susquehanna International Group LLP bought a new position in Morgan Stanley India Investment Fund in the 3rd quarter valued at about $458,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.

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.