Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Drops By 56.5%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 4,074 shares, a decline of 56.5% from the February 12th total of 9,368 shares. Based on an average daily volume of 43,054 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 43,054 shares, the days-to-cover ratio is presently 0.1 days.

Morgan Stanley India Investment Fund Stock Down 1.3%

NYSE:IIF traded down $0.30 during trading hours on Thursday, reaching $21.94. 43,941 shares of the company traded hands, compared to its average volume of 48,801. The business’s 50-day moving average price is $23.98 and its two-hundred day moving average price is $25.77. Morgan Stanley India Investment Fund has a 1 year low of $21.86 and a 1 year high of $28.37.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Several large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted 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 valued at $38,000 after buying an additional 1,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter worth $46,000. Osaic Holdings Inc. grew its position in shares of 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 valued at $57,000 after acquiring an additional 1,363 shares during the period. Allworth Financial LP increased 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 worth $138,000 after buying an additional 4,400 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in Morgan Stanley India Investment Fund during the 3rd quarter worth approximately $208,000. Hedge funds and other 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.