Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Decreases By 51.3%

Key Points

• Short interest fell 51.3% to 4,244 shares as of August 14, down from 8,707 shares on July 30. Short interest represents 0.0% of outstanding shares, with a short-interest ratio of 0.1 days.
• Morgan Stanley India Investment Fund shares were unchanged at $23.10, near their 50-day moving average of $22.94 and 200-day average of $22.45. The stock’s 52-week range is $19.83 to $27.99.
• Institutional investors own 36.96% of the fund, with Lazard, Ohio’s public employees’ retirement system, UBS, Evergreen Capital, and Stifel among investors that recently increased their positions.

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 4,244 shares, a decline of 51.3% from the July 30th total of 8,707 shares. Based on an average daily volume of 30,615 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Morgan Stanley India Investment Fund Stock Performance

Shares of IIF remained flat at $23.10 during trading hours on Friday. 5,503 shares of the stock traded hands, compared to its average volume of 30,063. The company's 50 day moving average price is $22.94 and its two-hundred day moving average price is $22.45. Morgan Stanley India Investment Fund has a fifty-two week low of $19.83 and a fifty-two week high of $27.99.

Institutional Trading of Morgan Stanley India Investment Fund

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in shares of Morgan Stanley India Investment Fund by 0.3% in the fourth quarter. Lazard Asset Management LLC now owns 772,654 shares of the company's stock valued at $19,301,000 after acquiring an additional 2,391 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Morgan Stanley India Investment Fund by 8.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 199,507 shares of the company's stock worth $5,257,000 after acquiring an additional 15,543 shares during the last quarter. UBS Group AG increased its holdings in Morgan Stanley India Investment Fund by 3.9% during the 3rd quarter. UBS Group AG now owns 164,089 shares of the company's stock valued at $4,324,000 after purchasing an additional 6,117 shares in the last quarter. Evergreen Capital Management LLC raised its position in Morgan Stanley India Investment Fund by 9.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 112,153 shares of the company's stock valued at $3,166,000 after purchasing an additional 9,706 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Morgan Stanley India Investment Fund by 8.1% in the fourth quarter. Stifel Financial Corp now owns 94,630 shares of the company's stock worth $2,364,000 after purchasing an additional 7,094 shares in the last quarter. 36.96% of the stock is owned by institutional investors.

Morgan Stanley India Investment Fund Company Profile

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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