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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,716 shares, a drop of 67.5% from the June 15th total of 5,286 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 25,399 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Morgan Stanley India Investment Fund

A number of large investors have recently bought and sold shares of IIF. Raymond James Financial Inc. bought a new position in shares of Morgan Stanley India Investment Fund during the second quarter valued at $46,000. Osaic Holdings Inc. grew its holdings in shares of Morgan Stanley India Investment Fund by 203.7% in 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Morgan Stanley India Investment Fund by 172.1% in 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 during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund during the 3rd quarter worth about $208,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Morgan Stanley India Investment Fund during the 4th quarter worth about $215,000. 36.96% of the stock is currently owned by institutional investors.

Morgan Stanley India Investment Fund Trading Up 0.1%

IIF stock opened at $22.98 on Monday. Morgan Stanley India Investment Fund has a 1-year low of $19.83 and a 1-year high of $27.99. The business’s 50 day moving average is $22.05 and its 200-day moving average is $22.79.

Morgan Stanley India Investment Fund Company Profile

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.