Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Rises By 44.9%

Key Points

• Short interest rose 44.9% to 13,022 shares as of March 31 (up from 8,989 on March 15); the days-to-cover is just 0.3 and only about 0.1% of the stock is sold short.
• Institutional ownership is 36.96%, with recent stake increases by firms such as Gould, SeaCrest and Maridea, a 203.7% rise by Osaic, and a new small position established by Raymond James.
• Price snapshot: IIF traded at $22.51 midday with below-average volume, a 12‑month range of $19.83–$28.37, and 50‑day/200‑day moving averages of $22.56 and $24.81 respectively.

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 13,022 shares, a growth of 44.9% from the March 15th total of 8,989 shares. Based on an average daily volume of 49,857 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's stock are sold short.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Institutional investors have recently made changes to their positions in the company. Gould Asset Management LLC CA grew its stake in 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 buying an additional 380 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in 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 buying an additional 900 shares during the last quarter. Maridea Wealth Management LLC grew its stake in Morgan Stanley India Investment Fund by 13.4% during the 3rd quarter. Maridea Wealth Management LLC now owns 10,561 shares of the company's stock worth $290,000 after buying an additional 1,247 shares during the last quarter. Osaic Holdings Inc. grew its stake in 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 buying an additional 1,363 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Morgan Stanley India Investment Fund during the 2nd quarter worth $46,000. 36.96% of the stock is currently owned by institutional investors.

Morgan Stanley India Investment Fund Price Performance

IIF stock traded down $0.18 during midday trading on Thursday, hitting $22.51. 15,964 shares of the company's stock were exchanged, compared to its average volume of 49,570. Morgan Stanley India Investment Fund has a 12-month low of $19.83 and a 12-month high of $28.37. The firm has a 50 day moving average price of $22.56 and a 200-day moving average price of $24.81.

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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