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

Key Points

• Short interest plunged 80.4% to 2,546 shares as of April 15, equal to 0.0% of shares sold short and a short-interest ratio of about 0.1 days.
• Institutional investors own 36.96% of IIF, with several funds increasing positions (notably Osaic Holdings +203.7%) and Raymond James initiating a new stake.
• IIF traded at $22.13 (down 0.1%) on the latest session with volume 51,793 versus an average of 34,896, and a 12-month range of $19.83–$28.37.

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 2,546 shares, a decline of 80.4% from the March 31st total of 13,022 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 39,680 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several institutional investors have recently bought and sold shares of IIF. Gould Asset Management LLC CA increased its position in shares of Morgan Stanley India Investment Fund by 3.6% during the 3rd quarter. Gould Asset Management LLC CA now owns 10,854 shares of the company's stock worth $286,000 after purchasing an additional 380 shares during the last quarter. Maridea Wealth Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 4.4% during the 1st quarter. Maridea Wealth Management LLC now owns 11,234 shares of the company's stock worth $231,000 after purchasing an additional 478 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 11.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,700 shares of the company's stock worth $218,000 after purchasing an additional 900 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Morgan Stanley India Investment Fund by 203.7% during the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company's stock worth $57,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter worth approximately $46,000. Institutional investors own 36.96% of the company's stock.

Morgan Stanley India Investment Fund Trading Down 0.1%

NYSE IIF traded down $0.03 during trading on Friday, hitting $22.13. The stock had a trading volume of 51,793 shares, compared to its average volume of 34,896. The company's 50-day moving average price is $22.29 and its two-hundred day moving average price is $24.63. Morgan Stanley India Investment Fund has a 12 month low of $19.83 and a 12 month high of $28.37.

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.

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