Morgan Stanley India Investment Fund (NYSE:IIF) Stock Price Breaks Above 200 Day Moving Average – Should You Sell?

Shares of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $22.41 and traded as high as $22.45. Morgan Stanley India Investment Fund shares last traded at $22.4450, with a volume of 19,944 shares trading hands.

Morgan Stanley India Investment Fund Stock Performance

The stock has a 50 day moving average of $21.92 and a 200-day moving average of $22.41.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

A number of hedge funds have recently modified their holdings of IIF. City of London Investment Management Co. Ltd. increased its stake in shares of Morgan Stanley India Investment Fund by 17.0% in the third quarter. City of London Investment Management Co. Ltd. now owns 1,219,023 shares of the company’s stock worth $26,197,000 after purchasing an additional 177,299 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Morgan Stanley India Investment Fund by 3.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 145,988 shares of the company’s stock worth $3,137,000 after buying an additional 5,201 shares during the period. Public Employees Retirement System of Ohio bought a new position in Morgan Stanley India Investment Fund in the 2nd quarter worth $1,681,000. Altium Capital Management LLC boosted its holdings 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 buying an additional 49,821 shares during the period. Finally, Royal Bank of Canada increased its stake in Morgan Stanley India Investment Fund by 4.4% in the 1st quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock worth $735,000 after buying an additional 1,520 shares in the last quarter. 36.96% of the stock is currently owned by institutional investors.

About Morgan Stanley India Investment Fund

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.