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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 12,304 shares, a growth of 163.0% from the August 31st total of 4,679 shares. Based on an average trading volume of 28,933 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Morgan Stanley India Investment Fund Stock Up 0.6%

Morgan Stanley India Investment Fund stock opened at $22.04 on Friday. Morgan Stanley India Investment Fund has a one year low of $19.83 and a one year high of $27.99. The stock’s 50 day moving average is $22.82 and its 200 day moving average is $22.25.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter valued at $91,000. PNC Financial Services Group Inc. lifted its stake 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 valued at $123,000 after acquiring an additional 3,770 shares in the last quarter. Maridea Wealth Management LLC lifted its position in shares of Morgan Stanley India Investment Fund by 4.4% during the first quarter. Maridea Wealth Management LLC now owns 11,234 shares of the company’s stock valued at $231,000 after purchasing an additional 478 shares in the last quarter. Gould Asset Management LLC CA lifted its position in shares of Morgan Stanley India Investment Fund by 25.5% during the 1st quarter. Gould Asset Management LLC CA now owns 13,624 shares of the company’s stock worth $280,000 after buying an additional 2,770 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. purchased a new position in Morgan Stanley India Investment Fund in the first quarter worth $325,000. 36.96% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol IIF. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies that are based in, or conduct a substantial portion of their business in, India.

The portfolio may include investments across a range of Indian industries and company sizes, providing exposure to the country’s public equity markets. As an investment fund rather than an operating company, it does not manufacture products or provide consumer services; its activities consist primarily of researching, selecting, and managing investments.

The fund commenced operations in 1994 and is advised by Morgan Stanley Investment Management Inc, part of Morgan Stanley’s global asset-management business.