Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Drops By 33.8%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 23,300 shares, a drop of 33.8% from the February 28th total of 35,200 shares. Based on an average daily volume of 41,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Morgan Stanley India Investment Fund Stock Performance

NYSE:IIF traded down $0.12 during trading hours on Friday, reaching $24.42. The company’s stock had a trading volume of 17,956 shares, compared to its average volume of 40,845. The stock has a 50 day moving average price of $23.95 and a two-hundred day moving average price of $26.38. Morgan Stanley India Investment Fund has a 12 month low of $22.53 and a 12 month high of $30.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Elequin Capital LP acquired a new stake in shares of Morgan Stanley India Investment Fund in the 4th quarter worth $54,000. Main Management LLC acquired a new position in shares of Morgan Stanley India Investment Fund during the fourth quarter valued at about $151,000. Blue Bell Private Wealth Management LLC raised its position in shares of Morgan Stanley India Investment Fund by 30.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,683 shares of the company’s stock valued at $194,000 after purchasing an additional 1,800 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Morgan Stanley India Investment Fund by 10.9% in the 4th quarter. Sanctuary Advisors LLC now owns 8,904 shares of the company’s stock worth $216,000 after purchasing an additional 872 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in Morgan Stanley India Investment Fund during the 4th quarter worth approximately $226,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.