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

Key Points

• Short interest surged 163% to 12,304 shares as of September 15, up from 4,679 shares on August 31. Short interest represents 0.1% of shares outstanding, with a short-interest ratio of 0.4 days.
• Institutional investors own 36.96% of the fund. Altium Capital Management increased its holdings by 170.6%, while several other institutions also added shares or initiated new positions.
• Morgan Stanley India Investment Fund shares rose 0.6% to open at $22.04, compared with a 52-week range of $19.83 to $27.99. The closed-end fund primarily invests in Indian equities for long-term capital appreciation.

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 12,304 shares, an increase of 163.0% from the August 31st total of 4,679 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 28,933 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Large investors have recently modified their holdings of the business. Altium Capital Management LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 170.6% during the first quarter. Altium Capital Management LLC now owns 79,031 shares of the company's stock worth $1,626,000 after purchasing an additional 49,821 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Morgan Stanley India Investment Fund in the second quarter valued at $1,681,000. Royal Bank of Canada raised its position in Morgan Stanley India Investment Fund by 4.4% during the 1st quarter. Royal Bank of Canada now owns 35,708 shares of the company's stock worth $735,000 after purchasing an additional 1,520 shares during the last quarter. Calamos Advisors LLC raised its position in Morgan Stanley India Investment Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 16,208 shares of the company's stock worth $334,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Financial Solutions Advisory Group Inc. bought a new position in Morgan Stanley India Investment Fund during the 1st quarter worth $325,000. Institutional investors own 36.96% of the company's stock.

Morgan Stanley India Investment Fund Trading Up 0.6%

Shares of NYSE IIF opened at $22.04 on Friday. The company has a 50 day simple moving average of $22.82 and a 200 day simple moving average of $22.25. Morgan Stanley India Investment Fund has a 1 year low of $19.83 and a 1 year high of $27.99.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol IIF. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies that are based in, or conduct a substantial portion of their business in, India.

The portfolio may include investments across a range of Indian industries and company sizes, providing exposure to the country's public equity markets. As an investment fund rather than an operating company, it does not manufacture products or provide consumer services; its activities consist primarily of researching, selecting, and managing investments.

The fund commenced operations in 1994 and is advised by Morgan Stanley Investment Management Inc, part of Morgan Stanley's global asset-management business.

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