India Fund, Inc. (NYSE:IFN) Short Interest Update

India Fund, Inc. (NYSE:IFN - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 267,300 shares, an increase of 49.4% from the May 15th total of 178,900 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 157,900 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IFN. Wolverine Asset Management LLC boosted its position in shares of India Fund by 188.4% during the fourth quarter. Wolverine Asset Management LLC now owns 109,284 shares of the investment management company's stock worth $1,721,000 after acquiring an additional 71,390 shares during the last quarter. Transcend Capital Advisors LLC raised its holdings in India Fund by 25.7% during the 4th quarter. Transcend Capital Advisors LLC now owns 146,764 shares of the investment management company's stock valued at $2,312,000 after buying an additional 30,000 shares during the period. Schnieders Capital Management LLC lifted its holdings in shares of India Fund by 4.2% in the 4th quarter. Schnieders Capital Management LLC now owns 32,034 shares of the investment management company's stock worth $505,000 after acquiring an additional 1,300 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of India Fund during the 4th quarter worth about $198,000. Finally, Noble Wealth Management PBC purchased a new position in shares of India Fund during the 4th quarter worth about $49,000. Institutional investors own 10.76% of the company's stock.

India Fund Price Performance

NYSE:IFN traded up $0.07 during trading hours on Thursday, hitting $16.01. 80,337 shares of the stock traded hands, compared to its average volume of 160,740. India Fund has a 1 year low of $13.76 and a 1 year high of $19.25. The stock has a 50 day moving average price of $16.04 and a 200 day moving average price of $15.84.

India Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date is Thursday, May 22nd.

India Fund Company Profile

The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.