Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Update

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 5,883 shares, a decrease of 53.2% from the December 31st total of 12,575 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 54,360 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 54,360 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Morgan Stanley India Investment Fund Stock Up 0.1%

Shares of Morgan Stanley India Investment Fund stock opened at $23.41 on Thursday. Morgan Stanley India Investment Fund has a 12-month low of $22.20 and a 12-month high of $28.37. The stock’s fifty day moving average is $25.48 and its 200-day moving average is $26.52.

Morgan Stanley India Investment Fund Dividend Announcement

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

Institutional Trading of Morgan Stanley India Investment Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Calamos Advisors LLC increased its holdings in Morgan Stanley India Investment Fund by 32.2% in the 4th quarter. Calamos Advisors LLC now owns 14,278 shares of the company’s stock valued at $357,000 after buying an additional 3,474 shares during the period. Evergreen Capital Management LLC lifted its holdings in Morgan Stanley India Investment Fund by 5.7% during the 4th quarter. Evergreen Capital Management LLC now owns 121,279 shares of the company’s stock valued at $3,262,000 after purchasing an additional 6,508 shares during the last quarter. Pursuit Wealth Management LLC bought a new stake in shares of Morgan Stanley India Investment Fund during the fourth quarter worth $717,000. SeaCrest Wealth Management LLC lifted its stake in shares of Morgan Stanley India Investment Fund by 11.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,700 shares of the company’s stock valued at $218,000 after purchasing an additional 900 shares during the period. Finally, Verition Fund Management LLC boosted its position in shares of Morgan Stanley India Investment Fund by 14.4% during the third quarter. Verition Fund Management LLC now owns 80,643 shares of the company’s stock worth $2,125,000 after purchasing an additional 10,146 shares in the last quarter. 36.96% of the stock is currently owned by institutional investors.

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.