Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Shares Shorted: Short Interest Up 111.5% in September

Key Points

• Short interest more than doubled in September, rising 111.5% to 26,019 shares as of September 30. About 0.3% of IIF’s shares were sold short, representing 1.1 days to cover.
• IIF shares gained 2.1% to $21.50, below their 50-day and 200-day moving averages of $22.51 and $22.22, respectively. The stock has traded between $19.83 and $27.99 over the past year.
• Institutional ownership stands at 36.96%, with several investors adding or initiating positions, including Altium Capital Management, which increased its holdings by 170.6%.

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 26,019 shares, an increase of 111.5% from the September 15th total of 12,304 shares. Approximately 0.3% of the company's stock are sold short. Based on an average trading volume of 23,835 shares, the days-to-cover ratio is currently 1.1 days.

Morgan Stanley India Investment Fund Trading Up 2.1%

Shares of Morgan Stanley India Investment Fund stock traded up $0.44 on Tuesday, reaching $21.50. 20,657 shares of the company were exchanged, compared to its average volume of 37,530. Morgan Stanley India Investment Fund has a one year low of $19.83 and a one year high of $27.99. The company has a 50-day moving average of $22.51 and a 200 day moving average of $22.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IIF. Public Employees Retirement System of Ohio acquired a new stake in Morgan Stanley India Investment Fund during the second quarter worth approximately $1,681,000. Altium Capital Management LLC increased its holdings in Morgan Stanley India Investment Fund by 170.6% in the 1st quarter. Altium Capital Management LLC now owns 79,031 shares of the company's stock valued at $1,626,000 after buying an additional 49,821 shares during the period. Maridea Wealth Management LLC increased its stake in Morgan Stanley India Investment Fund by 4.4% in the first quarter. Maridea Wealth Management LLC now owns 11,234 shares of the company's stock valued at $231,000 after acquiring an additional 478 shares during the last quarter. Allworth Financial LP acquired a new position in Morgan Stanley India Investment Fund during the second quarter valued at approximately $91,000. Finally, Gould Asset Management LLC CA bought a new stake in Morgan Stanley India Investment Fund during the second quarter worth $311,000. 36.96% of the stock is currently owned by institutional investors.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc NYSE: IIF is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies based in India or with significant business activities in the country.

The fund provides investors with exposure to a broad range of Indian industries and may invest across sectors and company sizes. Its portfolio is generally focused on publicly traded Indian businesses, with the fund's performance reflecting developments in India's economy, capital markets and corporate sector.

The fund was established in 1994 and is managed by an investment management affiliate of Morgan Stanley.

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