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

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

Morgan Stanley India Investment Fund Trading Down 0.6%

Shares of NYSE:IIF traded down $0.15 during trading on Friday, hitting $25.23. The company’s stock had a trading volume of 3,121 shares, compared to its average volume of 32,677. Morgan Stanley India Investment Fund has a fifty-two week low of $22.20 and a fifty-two week high of $28.37. The stock’s 50-day moving average price is $26.83 and its two-hundred day moving average price is $27.09.

Morgan Stanley India Investment Fund Dividend Announcement

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

Institutional Trading of Morgan Stanley India Investment Fund

Hedge funds have recently made changes to their positions in the stock. Samalin Investment Counsel LLC raised its holdings in Morgan Stanley India Investment Fund by 9.7% in the first quarter. Samalin Investment Counsel LLC now owns 14,022 shares of the company’s stock valued at $342,000 after acquiring an additional 1,237 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Morgan Stanley India Investment Fund during the 1st quarter worth $2,499,000. Royal Bank of Canada increased its position in shares of Morgan Stanley India Investment Fund by 28.4% in the 1st quarter. Royal Bank of Canada now owns 28,538 shares of the company’s stock worth $696,000 after purchasing an additional 6,320 shares during the last quarter. Almitas Capital LLC raised its stake in shares of Morgan Stanley India Investment Fund by 21.3% in the 1st quarter. Almitas Capital LLC now owns 104,744 shares of the company’s stock valued at $2,555,000 after purchasing an additional 18,424 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Morgan Stanley India Investment Fund in the 1st quarter valued at about $1,335,000. Institutional investors and hedge funds 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.