Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Stock Short Interest Rises 111.5%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 26,019 shares, an increase of 111.5% from the September 15th total of 12,304 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 23,835 shares, the short-interest ratio is currently 1.1 days.

Morgan Stanley India Investment Fund Price Performance

Shares of NYSE IIF traded down $0.10 during mid-day trading on Wednesday, hitting $21.39. The company had a trading volume of 35,593 shares, compared to its average volume of 21,028. Morgan Stanley India Investment Fund has a 1 year low of $19.83 and a 1 year high of $27.99. The stock’s 50-day moving average price is $22.44 and its 200-day moving average price is $22.23.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Altium Capital Management LLC increased its holdings in Morgan Stanley India Investment Fund by 170.6% during the 1st quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock worth $1,626,000 after acquiring an additional 49,821 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Morgan Stanley India Investment Fund in the 2nd quarter worth approximately $1,681,000. Royal Bank of Canada lifted its stake in Morgan Stanley India Investment Fund by 4.4% in the 1st quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock worth $735,000 after purchasing an additional 1,520 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Morgan Stanley India Investment Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock valued at $334,000 after purchasing an additional 1,930 shares during the period. Finally, Financial Solutions Advisory Group Inc. bought a new position in Morgan Stanley India Investment Fund in the 1st quarter valued at $325,000. 36.96% of the stock is currently owned by institutional investors.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund, Inc (NYSE:IIF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies based in India or with significant business activities in the country.

The fund provides investors with exposure to a broad range of Indian industries and may invest across sectors and company sizes. Its portfolio is generally focused on publicly traded Indian businesses, with the fund’s performance reflecting developments in India’s economy, capital markets and corporate sector.

The fund was established in 1994 and is managed by an investment management affiliate of Morgan Stanley.