Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Sees Significant Increase in Short Interest

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 8,671 shares, an increase of 47.4% from the January 15th total of 5,883 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 53,034 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 53,034 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Morgan Stanley India Investment Fund Price Performance

IIF traded down $0.07 during trading on Friday, reaching $24.30. 12,952 shares of the company were exchanged, compared to its average volume of 47,747. Morgan Stanley India Investment Fund has a 52 week low of $22.20 and a 52 week high of $28.37. The firm has a 50 day moving average of $24.88 and a 200 day moving average of $26.25.

Morgan Stanley India Investment Fund Announces Dividend

The company also recently declared an annual dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 19th were paid a $1.9852 dividend. The ex-dividend date was Friday, December 19th. This represents a dividend yield of 778.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IIF. Stifel Financial Corp grew its stake in shares of 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. Commonwealth Equity Services LLC bought a new stake in shares of Morgan Stanley India Investment Fund during the 4th quarter worth about $215,000. Cibc World Market Inc. bought a new stake in shares of Morgan Stanley India Investment Fund during the 4th quarter worth about $284,000. Altium Capital Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund in the 4th quarter worth approximately $730,000. Finally, Calamos Advisors LLC lifted its position in Morgan Stanley India Investment Fund by 32.2% in the fourth quarter. Calamos Advisors LLC now owns 14,278 shares of the company’s stock worth $357,000 after purchasing an additional 3,474 shares during the period. Institutional investors and hedge funds own 36.96% of the company’s stock.

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.