Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Grows By 285.8%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 43,600 shares, an increase of 285.8% from the January 15th total of 11,300 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is currently 0.9 days.

Morgan Stanley India Investment Fund Price Performance

IIF traded down $0.17 during trading on Wednesday, reaching $24.02. The stock had a trading volume of 33,668 shares, compared to its average volume of 55,464. The stock’s 50 day moving average is $25.61 and its two-hundred day moving average is $27.18. Morgan Stanley India Investment Fund has a one year low of $22.38 and a one year high of $30.41.

Morgan Stanley India Investment Fund Cuts Dividend

The business also recently declared a — dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were paid a $2.6969 dividend. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Several institutional investors have recently made changes to their positions in IIF. Blue Bell Private Wealth Management LLC lifted its stake 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 bought a new position in Morgan Stanley India Investment Fund in the third quarter worth approximately $224,000. HighTower Advisors LLC purchased a new position in shares of Morgan Stanley India Investment Fund during the third quarter valued at $248,000. Maridea Wealth Management LLC purchased a new position in Morgan Stanley India Investment Fund during the 4th quarter valued at about $226,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Morgan Stanley India Investment Fund by 30.4% in the 4th quarter. Jones Financial Companies Lllp now owns 10,000 shares of the company’s stock worth $253,000 after purchasing an additional 2,331 shares during the period. Institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Company Profile

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.