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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 4,752 shares, an increase of 136.1% from the April 30th total of 2,013 shares. Based on an average trading volume of 37,643 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Morgan Stanley India Investment Fund during the second quarter valued at about $46,000. Osaic Holdings Inc. grew 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 purchasing an additional 1,363 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Morgan Stanley India Investment Fund by 172.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock worth $123,000 after purchasing an additional 3,770 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Morgan Stanley India Investment Fund during the 3rd quarter valued at $208,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Morgan Stanley India Investment Fund during the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Price Performance

Shares of NYSE:IIF traded down $0.25 on Tuesday, reaching $21.65. 34,504 shares of the company traded hands, compared to its average volume of 36,095. The company’s 50 day moving average is $21.65 and its 200-day moving average is $23.69. Morgan Stanley India Investment Fund has a fifty-two week low of $19.83 and a fifty-two week high of $28.37.

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.