IIF Stock Summary and Trading Ideas (Morgan Stanley India Investment | NYSE:IIF)

The fund seeks long-term capital appreciation through investments primarily in equity securities of Indian Issuers.

Morgan Stanley India Investment trades on the NYSE stock market under the symbol IIF.

As of April 19, 2024, IIF stock price climbed to $22.71 with 23,773 million shares trading.

IIF has a beta of 0.48, meaning it tends to be less sensitive to market movements. IIF has a correlation of 0.25 to the broad based SPY ETF.

IIF has a market cap of $225.89 million. This is considered a Small Cap stock.

In the last 3 years, IIF stock traded as high as $28.40 and as low as $18.91.

IIF has outperformed the market in the last year with a price return of +32.7% while the SPY ETF gained +21.2%. However, in the short term, IIF had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.0% vs +4.3% return in SPY. But in the last 2 weeks, IIF shares have fared better than the market returning -1.3% compared to SPY -3.5%.

IIF support price is $22.42 and resistance is $22.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IIF stock will trade within this expected range on the day.