Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Expands By 529.0%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 10,794 shares, an increase of 529.0% from the June 30th total of 1,716 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,815 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC increased its holdings in shares of Morgan Stanley India Investment Fund by 16.5% in the 2nd quarter. Lazard Asset Management LLC now owns 684,428 shares of the company’s stock worth $19,321,000 after buying an additional 96,761 shares during the last quarter. Altium Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 49,821 shares during the last quarter. Pursuit Wealth Management LLC bought a new stake in shares of Morgan Stanley India Investment Fund during the 4th quarter worth $717,000. Susquehanna International Group LLP purchased a new position in Morgan Stanley India Investment Fund in the third quarter worth $458,000. Finally, Financial Solutions Advisory Group Inc. purchased a new position in Morgan Stanley India Investment Fund in the first quarter worth $325,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Stock Up 1.1%

Shares of NYSE IIF traded up $0.23 during midday trading on Friday, hitting $22.36. 14,803 shares of the company’s stock were exchanged, compared to its average volume of 28,402. The business’s fifty day moving average price is $22.21 and its two-hundred day moving average price is $22.63. Morgan Stanley India Investment Fund has a 12-month low of $19.83 and a 12-month high of $27.99.

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.