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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a large 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 daily volume of 37,643 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Morgan Stanley India Investment Fund Stock Performance

Shares of NYSE:IIF traded down $0.32 during trading hours on Monday, hitting $21.58. 34,504 shares of the company’s stock traded hands, compared to its average volume of 36,095. Morgan Stanley India Investment Fund has a 52 week low of $19.83 and a 52 week high of $28.37. The company’s fifty day simple moving average is $21.65 and its two-hundred day simple moving average is $23.69.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter valued at about $46,000. Osaic Holdings Inc. lifted its stake in Morgan Stanley India Investment Fund by 203.7% during the second quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock valued at $57,000 after buying an additional 1,363 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Morgan Stanley India Investment Fund by 172.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock valued at $123,000 after buying an additional 3,770 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund during the third quarter valued at approximately $208,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Morgan Stanley India Investment Fund during the fourth quarter valued at approximately $215,000. 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.