The India Fund, Inc. (NYSE:IFN – Get Rating) was the goal of a giant development in brief curiosity in June. As of June fifteenth, there was quick curiosity totalling 59,000 shares, a development of 44.6% from the Could thirty first whole of 40,800 shares. Based mostly on a mean day by day buying and selling quantity, of 98,300 shares, the days-to-cover ratio is presently 0.6 days.
Hedge funds and different institutional traders have just lately modified their holdings of the enterprise. Nwam LLC purchased a brand new place in The India Fund through the 4th quarter valued at $220,000. Csenge Advisory Group purchased a brand new place in The India Fund through the 1st quarter valued at $334,000. Schnieders Capital Administration LLC lifted its place in shares of The India Fund by 9.1% through the 4th quarter. Schnieders Capital Administration LLC now owns 17,960 shares of the funding administration firm’s inventory valued at $379,000 after buying an extra 1,500 shares over the past quarter. Moors & Cabot Inc. acquired a brand new stake in shares of The India Fund through the third quarter valued at $343,000. Lastly, Raymond James & Associates lifted its place in shares of The India Fund by 3.2% through the 1st quarter. Raymond James & Associates now owns 24,022 shares of the funding administration firm’s inventory valued at $464,000 after buying an extra 744 shares over the past quarter. 28.39% of the inventory is owned by hedge funds and different institutional traders.
IFN stock traded down $0.08 on Friday, reaching $16.22. The corporate’s inventory had a buying and selling quantity of 60,761 shares, in comparison with its common quantity of 112,066. The India Fund has a 52 week low of $15.61 and a 52 week excessive of $23.78. The agency has a fifty day transferring common of $17.07 and a two-hundred day transferring common of $19.10.
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The agency additionally just lately disclosed a quarterly dividend, which was paid on Thursday, June thirtieth. Buyers of document on Friday, Could twentieth have been issued a $0.53 dividend. This represents a $2.12 dividend on an annualized foundation and a yield of 13.07%. The ex-dividend date of this dividend was Thursday, Could nineteenth.
About The India Fund (Get Rating)
The India Fund, Inc is an in depth ended fairness mutual fund launched and managed by Aberdeen Customary Investments (Asia) Restricted. The fund invests in public fairness markets of India. It seeks to spend money on shares of small-cap, mid-cap, and large-cap corporations. The fund employs a quantitative and basic evaluation with a bottom-up inventory choosing and asset allocation strategy to create its portfolio.
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This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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