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

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

Institutional Trading of Morgan Stanley India Investment Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in IIF. City of London Investment Management Co. Ltd. increased its stake in shares of Morgan Stanley India Investment Fund by 366.1% during the third quarter. City of London Investment Management Co. Ltd. now owns 482,174 shares of the company’s stock valued at $12,705,000 after acquiring an additional 378,732 shares during the period. Lazard Asset Management LLC lifted its position in Morgan Stanley India Investment Fund by 16.5% in the second quarter. Lazard Asset Management LLC now owns 684,428 shares of the company’s stock worth $19,321,000 after purchasing an additional 96,761 shares during the period. Altium Capital Management LLC boosted its stake 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 valued at $1,626,000 after purchasing an additional 49,821 shares in the last quarter. Pursuit Wealth Management LLC bought a new position in Morgan Stanley India Investment Fund during the 4th quarter valued at $717,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter valued at $458,000. 36.96% of the stock is currently owned by institutional investors.

Morgan Stanley India Investment Fund Stock Performance

IIF stock traded up $0.21 during trading on Friday, hitting $22.98. The company had a trading volume of 44,171 shares, compared to its average volume of 23,474. The business has a 50 day moving average of $22.05 and a 200 day moving average of $22.80. Morgan Stanley India Investment Fund has a fifty-two week low of $19.83 and a fifty-two week high of $27.99.

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.