Morgan Stanley India Investment Fund, Inc. (NYSE:IIF – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 12,304 shares, an increase of 163.0% from the August 31st total of 4,679 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 28,933 shares, the short-interest ratio is currently 0.4 days.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Altium Capital Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 170.6% during the first quarter. Altium Capital Management LLC now owns 79,031 shares of the company’s stock valued at $1,626,000 after buying an additional 49,821 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Morgan Stanley India Investment Fund in the second quarter worth about $1,681,000. Royal Bank of Canada boosted its position in shares of 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 boosted its position in shares of Morgan Stanley India Investment Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock valued at $334,000 after acquiring an additional 1,930 shares during the period. Finally, Financial Solutions Advisory Group Inc. bought a new position in shares of Morgan Stanley India Investment Fund in the first quarter valued at approximately $325,000. Institutional investors own 36.96% of the company’s stock.
Morgan Stanley India Investment Fund Price Performance
Shares of Morgan Stanley India Investment Fund stock traded down $0.32 during trading hours on Monday, reaching $21.70. The company had a trading volume of 48,883 shares, compared to its average volume of 38,779. Morgan Stanley India Investment Fund has a one year low of $19.83 and a one year high of $27.99. The business has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $22.24.
About Morgan Stanley India Investment Fund
Morgan Stanley India Investment Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol IIF. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies that are based in, or conduct a substantial portion of their business in, India.
The portfolio may include investments across a range of Indian industries and company sizes, providing exposure to the country’s public equity markets. As an investment fund rather than an operating company, it does not manufacture products or provide consumer services; its activities consist primarily of researching, selecting, and managing investments.
The fund commenced operations in 1994 and is advised by Morgan Stanley Investment Management Inc, part of Morgan Stanley’s global asset-management business.
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