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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 35,200 shares, a decrease of 23.1% from the February 13th total of 45,800 shares. Based on an average daily volume of 45,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC grew its stake in shares of Morgan Stanley India Investment Fund by 10.9% in the 4th quarter. Sanctuary Advisors LLC now owns 8,904 shares of the company’s stock valued at $216,000 after buying an additional 872 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Morgan Stanley India Investment Fund by 30.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,683 shares of the company’s stock valued at $194,000 after buying an additional 1,800 shares in the last quarter. Elequin Capital LP bought a new stake in shares of Morgan Stanley India Investment Fund in the 4th quarter valued at approximately $54,000. Jones Financial Companies Lllp grew its stake in shares of Morgan Stanley India Investment Fund by 30.4% in the 4th quarter. Jones Financial Companies Lllp now owns 10,000 shares of the company’s stock valued at $253,000 after buying an additional 2,331 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Morgan Stanley India Investment Fund by 32.8% in the 4th quarter. HighTower Advisors LLC now owns 10,929 shares of the company’s stock valued at $276,000 after buying an additional 2,699 shares in the last quarter. Institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Price Performance

Shares of IIF traded up $0.28 during trading hours on Tuesday, reaching $23.90. The company’s stock had a trading volume of 12,747 shares, compared to its average volume of 41,475. The company has a 50 day moving average of $24.01 and a two-hundred day moving average of $26.55. Morgan Stanley India Investment Fund has a 1-year low of $22.38 and a 1-year high of $30.41.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.