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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient 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. Based on an average daily trading volume, of 30,615 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Morgan Stanley India Investment Fund Stock Performance

IIF remained flat at $23.10 during trading hours on Friday. The company had a trading volume of 5,503 shares, compared to its average volume of 29,570. The firm’s 50-day simple moving average is $22.94 and its two-hundred day simple moving average is $22.44. Morgan Stanley India Investment Fund has a 52 week low of $19.83 and a 52 week high of $27.99.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Altium Capital Management LLC boosted its holdings in Morgan Stanley India Investment Fund by 170.6% in the 1st quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock worth $1,626,000 after buying an additional 49,821 shares during the period. Maridea Wealth Management LLC raised its holdings in Morgan Stanley India Investment Fund by 4.4% during the 1st quarter. Maridea Wealth Management LLC now owns 11,234 shares of the company’s stock valued at $231,000 after acquiring an additional 478 shares during the period. Allworth Financial LP bought a new stake in Morgan Stanley India Investment Fund during the 2nd quarter valued at $91,000. Gould Asset Management LLC CA purchased a new stake in shares of Morgan Stanley India Investment Fund during the second quarter worth $311,000. Finally, Royal Bank of Canada lifted its position in shares of Morgan Stanley India Investment Fund by 4.4% during the first quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock worth $735,000 after acquiring an additional 1,520 shares in the last quarter. Institutional investors 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.