Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Down 63.7% in May

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 15,200 shares, a drop of 63.7% from the May 15th total of 41,900 shares. Based on an average trading volume of 41,700 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Morgan Stanley India Investment Fund Stock Down 1.0%

Shares of NYSE IIF traded down $0.28 during midday trading on Friday, reaching $27.31. 25,677 shares of the company traded hands, compared to its average volume of 43,229. The stock's 50-day simple moving average is $26.05 and its 200-day simple moving average is $25.32. Morgan Stanley India Investment Fund has a 12 month low of $22.20 and a 12 month high of $30.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IIF. Elequin Capital LP bought a new position in shares of Morgan Stanley India Investment Fund during the fourth quarter valued at $54,000. Main Management LLC bought a new position in shares of Morgan Stanley India Investment Fund during the fourth quarter valued at $151,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 30.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,683 shares of the company's stock valued at $194,000 after acquiring an additional 1,800 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 10.9% during the fourth quarter. Sanctuary Advisors LLC now owns 8,904 shares of the company's stock valued at $216,000 after acquiring an additional 872 shares during the period. Finally, Maridea Wealth Management LLC bought a new position in shares of Morgan Stanley India Investment Fund during the fourth quarter valued at $226,000. 36.96% of the stock is owned by institutional investors.

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.