Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Up 529.0% in July

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 10,794 shares, an increase of 529.0% from the June 30th total of 1,716 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,815 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IIF. Financial Solutions Advisory Group Inc. acquired a new stake in Morgan Stanley India Investment Fund during the 1st quarter worth approximately $325,000. Royal Bank of Canada raised its stake in shares of Morgan Stanley India Investment Fund by 4.4% in the 1st quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock valued at $735,000 after purchasing an additional 1,520 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Morgan Stanley India Investment Fund by 172.1% in the first 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. Gould Asset Management LLC CA lifted its stake in Morgan Stanley India Investment Fund by 25.5% in the first quarter. Gould Asset Management LLC CA now owns 13,624 shares of the company’s stock valued at $280,000 after acquiring an additional 2,770 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in shares of Morgan Stanley India Investment Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock valued at $334,000 after acquiring an additional 1,930 shares during the period. Institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Stock Performance

IIF opened at $22.29 on Monday. Morgan Stanley India Investment Fund has a 1-year low of $19.83 and a 1-year high of $27.99. The firm has a 50-day moving average price of $22.21 and a two-hundred day moving average price of $22.62.

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.