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

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Morgan Stanley India Investment Fund by 28.4% during the first quarter. Royal Bank of Canada now owns 28,538 shares of the company’s stock valued at $696,000 after purchasing an additional 6,320 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Morgan Stanley India Investment Fund in the 2nd quarter worth about $46,000. Lazard Asset Management LLC increased its stake in shares of Morgan Stanley India Investment Fund by 16.5% in the 2nd quarter. Lazard Asset Management LLC now owns 684,428 shares of the company’s stock worth $19,321,000 after acquiring an additional 96,761 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Morgan Stanley India Investment Fund by 9.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 112,153 shares of the company’s stock valued at $3,166,000 after acquiring an additional 9,706 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Morgan Stanley India Investment Fund by 203.7% during the second quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock worth $57,000 after acquiring an additional 1,363 shares in the last quarter. Institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Price Performance

IIF stock traded up $0.23 during trading on Friday, reaching $22.36. The company had a trading volume of 14,803 shares, compared to its average volume of 28,402. Morgan Stanley India Investment Fund has a 52 week low of $19.83 and a 52 week high of $27.99. The business has a 50 day moving average of $22.21 and a 200 day moving average of $22.63.

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.