The India Fund, Inc. (NYSE:IFN – Get Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 194,200 shares, a drop of 28.6% from the October 15th total of 272,100 shares. Based on an average trading volume of 89,600 shares, the days-to-cover ratio is currently 2.2 days.
The India Fund Trading Up 0.6 %
Shares of IFN stock opened at $16.85 on Monday. The stock has a 50 day moving average of $16.88 and a two-hundred day moving average of $16.45. The India Fund has a 12 month low of $14.40 and a 12 month high of $17.76.
The India Fund Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, November 22nd will be issued a $0.41 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 9.73%.
Hedge Funds Weigh In On The India Fund
About The India Fund
The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.
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