Morgan Stanley India Investment Fund, Inc. (NYSE:IIF – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 26,019 shares, an increase of 111.5% from the September 15th total of 12,304 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 23,835 shares, the days-to-cover ratio is presently 1.1 days.
Morgan Stanley India Investment Fund Trading Up 2.1%
IIF stock traded up $0.44 during midday trading on Tuesday, reaching $21.50. 20,657 shares of the stock were exchanged, compared to its average volume of 37,530. Morgan Stanley India Investment Fund has a 52 week low of $19.83 and a 52 week high of $27.99. The company has a fifty day moving average price of $22.51 and a 200 day moving average price of $22.22.
Institutional Investors Weigh In On Morgan Stanley India Investment Fund
Several large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Morgan Stanley India Investment Fund during the 2nd quarter valued at $1,681,000. Altium Capital Management LLC raised its stake in Morgan Stanley India Investment Fund by 170.6% during the 1st quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock worth $1,626,000 after buying an additional 49,821 shares during the period. Royal Bank of Canada grew its stake in Morgan Stanley India Investment Fund by 4.4% in the first quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock valued at $735,000 after acquiring an additional 1,520 shares during the period. Calamos Advisors LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock worth $334,000 after purchasing an additional 1,930 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new position in Morgan Stanley India Investment Fund during the first quarter worth $325,000. 36.96% of the stock is currently owned by institutional investors and hedge funds.
About Morgan Stanley India Investment Fund
Morgan Stanley India Investment Fund, Inc (NYSE:IIF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies based in India or with significant business activities in the country.
The fund provides investors with exposure to a broad range of Indian industries and may invest across sectors and company sizes. Its portfolio is generally focused on publicly traded Indian businesses, with the fund’s performance reflecting developments in India’s economy, capital markets and corporate sector.
The fund was established in 1994 and is managed by an investment management affiliate of Morgan Stanley.
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