Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Sees Large Increase in Short Interest

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 8,989 shares, an increase of 120.6% from the February 26th total of 4,074 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 66,245 shares, the days-to-cover ratio is presently 0.1 days.

Morgan Stanley India Investment Fund Stock Performance

Morgan Stanley India Investment Fund stock traded down $0.40 on Thursday, hitting $20.47. 21,651 shares of the stock traded hands, compared to its average volume of 52,271. Morgan Stanley India Investment Fund has a 1 year low of $20.28 and a 1 year high of $28.37. The business’s fifty day simple moving average is $23.34 and its 200 day simple moving average is $25.42.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several hedge funds have recently bought and sold shares of IIF. Steward Partners Investment Advisory LLC increased its stake in shares of Morgan Stanley India Investment Fund by 285.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,350 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Morgan Stanley India Investment Fund in the 2nd quarter worth approximately $46,000. Osaic Holdings Inc. grew its stake in shares of Morgan Stanley India Investment Fund by 203.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock worth $57,000 after buying an additional 1,363 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Morgan Stanley India Investment Fund in the 3rd quarter worth approximately $208,000. Finally, Commonwealth Equity Services LLC bought a new position in Morgan Stanley India Investment Fund during the 4th quarter valued at approximately $215,000. Institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund (NYSE:IIF) is a closed-end investment company sponsored by Morgan Stanley Investment Management and listed on the New York Stock Exchange. Incepted in December 1994, the fund provides U.S. investors with a dedicated vehicle for exposure to the securities of Indian companies. As a closed-end fund, it issues a fixed number of shares that trade on the NYSE, offering liquidity and the potential for share price discovery in addition to underlying net asset value.

The fund’s primary objective is long-term capital appreciation through investments in equity securities of Indian issuers.