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

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

Morgan Stanley India Investment Fund Price Performance

IIF stock traded down $0.07 during trading on Friday, reaching $24.30. 12,952 shares of the stock were exchanged, compared to its average volume of 45,367. The business has a 50 day moving average price of $24.88 and a 200-day moving average price of $26.23. 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 Dividend Announcement

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

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Several large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC grew its holdings in shares of Morgan Stanley India Investment Fund by 285.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Morgan Stanley India Investment Fund during the second quarter valued at about $46,000. Osaic Holdings Inc. raised 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 valued at $57,000 after acquiring an additional 1,363 shares during the period. Allworth Financial LP lifted its holdings in shares of Morgan Stanley India Investment Fund by 880.0% in the 2nd quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock worth $138,000 after acquiring an additional 4,400 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter worth approximately $208,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

About Morgan Stanley India Investment Fund

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.