Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Down 51.3% in August

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,244 shares, a decline of 51.3% from the July 30th total of 8,707 shares. Based on an average trading volume of 30,615 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Morgan Stanley India Investment Fund Stock Performance

Shares of IIF stock remained flat at $23.10 during trading hours on Friday. 5,503 shares of the stock were exchanged, compared to its average volume of 30,063. Morgan Stanley India Investment Fund has a 12 month low of $19.83 and a 12 month high of $27.99. The business has a fifty day moving average price of $22.94 and a two-hundred day moving average price of $22.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Morgan Stanley India Investment Fund in the 2nd quarter valued at $46,000. Osaic Holdings Inc. lifted its stake in shares of 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 valued at $57,000 after acquiring an additional 1,363 shares during the period. Allworth Financial LP acquired a new position in shares of Morgan Stanley India Investment Fund during the second quarter valued at $91,000. PNC Financial Services Group Inc. boosted its holdings in Morgan Stanley India Investment Fund by 172.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock valued at $123,000 after acquiring an additional 3,770 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in Morgan Stanley India Investment Fund in the third quarter valued at about $208,000. 36.96% of the stock is currently owned by institutional investors.

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.