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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 2,546 shares, a decline of 80.4% from the March 31st total of 13,022 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 39,680 shares, the days-to-cover ratio is currently 0.1 days.

Morgan Stanley India Investment Fund Stock Down 0.1%

Shares of NYSE:IIF traded down $0.03 during trading on Friday, hitting $22.13. 51,793 shares of the company were exchanged, compared to its average volume of 34,896. Morgan Stanley India Investment Fund has a fifty-two week low of $19.83 and a fifty-two week high of $28.37. The firm has a fifty day moving average price of $22.29 and a two-hundred day moving average price of $24.63.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter worth approximately $46,000. Osaic Holdings Inc. increased its holdings in shares of Morgan Stanley India Investment Fund by 203.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock worth $57,000 after acquiring an additional 1,363 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter worth approximately $208,000. Commonwealth Equity Services LLC acquired a new position in shares of Morgan Stanley India Investment Fund during the 4th quarter worth approximately $215,000. Finally, Millennium Management LLC acquired a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter worth approximately $230,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

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.