Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Down 51.3% in August

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,244 shares, a decrease of 51.3% from the July 30th total of 8,707 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 30,615 shares, the short-interest ratio is presently 0.1 days.

Morgan Stanley India Investment Fund Stock Performance

Shares of NYSE IIF traded up $0.10 during midday trading on Monday, reaching $23.22. 22,138 shares of the company were exchanged, compared to its average volume of 40,061. The stock’s 50-day moving average price is $22.94 and its 200-day moving average price is $22.44. Morgan Stanley India Investment Fund has a one year low of $19.83 and a one year high of $27.99.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in Morgan Stanley India Investment Fund by 28.4% in the first quarter. Royal Bank of Canada now owns 28,538 shares of the company’s stock valued at $696,000 after purchasing an additional 6,320 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Morgan Stanley India Investment Fund during the second quarter worth about $46,000. Lazard Asset Management LLC grew its holdings in shares of Morgan Stanley India Investment Fund by 16.5% during the second quarter. Lazard Asset Management LLC now owns 684,428 shares of the company’s stock worth $19,321,000 after purchasing an additional 96,761 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Morgan Stanley India Investment Fund by 9.5% in the second quarter. Evergreen Capital Management LLC now owns 112,153 shares of the company’s stock valued at $3,166,000 after buying an additional 9,706 shares during the period. Finally, Osaic Holdings Inc. boosted its position in Morgan Stanley India Investment Fund by 203.7% during 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 period. 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.