India Fund (NYSE:IFN) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

India Fund, Inc. (NYSE:IFN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.90 and traded as low as $10.81. India Fund shares last traded at $10.9250, with a volume of 291,009 shares.

India Fund Stock Performance

The stock has a 50-day moving average price of $11.58 and a 200-day moving average price of $12.90.

India Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Thursday, May 21st.

Hedge Funds Weigh In On India Fund

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of India Fund during the third quarter worth about $26,000. International Assets Investment Management LLC bought a new position in shares of India Fund during the fourth quarter worth about $34,000. TrueMark Investments LLC bought a new position in shares of India Fund during the fourth quarter worth about $137,000. Baker Ellis Asset Management LLC bought a new position in shares of India Fund during the fourth quarter worth about $165,000. Finally, Decision Investments Inc. bought a new position in shares of India Fund during the first quarter worth about $178,000. 10.76% of the stock is currently owned by institutional investors.

India Fund Company Profile

The India Fund, Inc (NYSE: IFN) is a closed-end management investment company incorporated in Maryland. It seeks to provide shareholders with long-term growth of capital, as well as current income. The fund trades on the New York Stock Exchange and offers investors access to equity markets in India through a diversified portfolio of Indian companies.

IFN invests primarily in equity securities of companies organized or domiciled in India, including common stocks, depositary receipts and other equity-related instruments.