Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Grows By 567.4%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 11,179 shares, an increase of 567.4% from the November 30th total of 1,675 shares. Based on an average daily trading volume, of 27,492 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,492 shares, the days-to-cover ratio is currently 0.4 days.

Morgan Stanley India Investment Fund Price Performance

IIF traded down $0.10 during trading hours on Wednesday, reaching $25.37. 4,304 shares of the company’s stock traded hands, compared to its average volume of 34,841. The firm has a 50-day moving average price of $26.87 and a 200 day moving average price of $27.10. Morgan Stanley India Investment Fund has a 52-week low of $22.20 and a 52-week high of $28.37.

Morgan Stanley India Investment Fund Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 19th will be paid a dividend of $1.9852 per share. This represents a dividend yield of 778.0%. The ex-dividend date of this dividend is Friday, December 19th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. City of London Investment Management Co. Ltd. bought a new stake in shares of Morgan Stanley India Investment Fund in the second quarter valued at about $2,920,000. Evergreen Capital Management LLC bought a new position in Morgan Stanley India Investment Fund during the 1st quarter worth about $2,499,000. Public Employees Retirement System of Ohio increased its position in Morgan Stanley India Investment Fund by 9.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 183,964 shares of the company’s stock valued at $5,193,000 after purchasing an additional 16,021 shares during the period. Strs Ohio bought a new stake in shares of Morgan Stanley India Investment Fund in the 1st quarter valued at about $1,335,000. Finally, Allworth Financial LP lifted its position in shares of Morgan Stanley India Investment Fund by 880.0% in the 2nd quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock worth $138,000 after purchasing an additional 4,400 shares during the period. Hedge funds and other 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.