Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Up 47.4% in January

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 8,671 shares, a growth of 47.4% from the January 15th total of 5,883 shares. Based on an average daily volume of 53,034 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 53,034 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Large investors have recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. purchased a new position in Morgan Stanley India Investment Fund in the second quarter valued at approximately $2,920,000. Allworth Financial LP raised its position in Morgan Stanley India Investment Fund by 880.0% in the second quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock valued at $138,000 after purchasing an additional 4,400 shares during the period. Calamos Advisors LLC acquired a new position in shares of Morgan Stanley India Investment Fund during the second quarter worth about $251,000. Penserra Capital Management LLC boosted its position in shares of Morgan Stanley India Investment Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 135,312 shares of the company’s stock worth $3,819,000 after buying an additional 3,973 shares during the period. Finally, Altium Capital Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund in the fourth quarter valued at about $730,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Stock Performance

Morgan Stanley India Investment Fund stock traded down $0.07 during trading on Friday, hitting $24.30. The company’s stock had a trading volume of 12,952 shares, compared to its average volume of 47,747. The stock’s fifty day moving average is $24.88 and its 200 day moving average is $26.25. Morgan Stanley India Investment Fund has a 1-year low of $22.20 and a 1-year high of $28.37.

Morgan Stanley India Investment Fund Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 19th were paid a dividend of $1.9852 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a dividend yield of 778.0%.

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.