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

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

Morgan Stanley India Investment Fund Stock Performance

Shares of IIF stock traded down $0.12 on Friday, hitting $24.42. The stock had a trading volume of 17,956 shares, compared to its average volume of 40,845. Morgan Stanley India Investment Fund has a 12-month low of $22.53 and a 12-month high of $30.41. The business has a 50 day moving average of $23.95 and a 200 day moving average of $26.35.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elequin Capital LP bought a new position in shares of Morgan Stanley India Investment Fund in the fourth quarter valued at approximately $54,000. Saba Capital Management L.P. boosted its position in Morgan Stanley India Investment Fund by 9.7% in the fourth quarter. Saba Capital Management L.P. now owns 741,531 shares of the company’s stock worth $18,738,000 after purchasing an additional 65,828 shares during the last quarter. Main Management LLC bought a new position in Morgan Stanley India Investment Fund in the 4th quarter valued at $151,000. Bulldog Investors LLP increased its position in shares of Morgan Stanley India Investment Fund by 42.5% during the 4th quarter. Bulldog Investors LLP now owns 287,644 shares of the company’s stock valued at $7,295,000 after purchasing an additional 85,772 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Morgan Stanley India Investment Fund by 3.8% in the 4th quarter. Bank of America Corp DE now owns 110,250 shares of the company’s stock worth $2,786,000 after buying an additional 4,028 shares during the last quarter. 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.