Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Up 136.1% in May

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,752 shares, a growth of 136.1% from the April 30th total of 2,013 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 37,643 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IIF. Raymond James Financial Inc. bought a new stake in Morgan Stanley India Investment Fund in the 2nd quarter valued at about $46,000. Osaic Holdings Inc. raised its stake in Morgan Stanley India Investment Fund by 203.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock valued at $57,000 after acquiring an additional 1,363 shares during the period. PNC Financial Services Group Inc. raised its stake in Morgan Stanley India Investment Fund by 172.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock valued at $123,000 after acquiring an additional 3,770 shares during the period. SeaCrest Wealth Management LLC bought a new stake in Morgan Stanley India Investment Fund in the 3rd quarter valued at about $208,000. Finally, Commonwealth Equity Services LLC bought a new stake in Morgan Stanley India Investment Fund in the 4th quarter valued at about $215,000. 36.96% of the stock is currently owned by institutional investors.

Morgan Stanley India Investment Fund Trading Up 0.2%

Shares of NYSE IIF traded up $0.04 during mid-day trading on Friday, reaching $21.90. 14,748 shares of the company’s stock were exchanged, compared to its average volume of 36,682. Morgan Stanley India Investment Fund has a 52 week low of $19.83 and a 52 week high of $28.37. The firm has a 50-day moving average price of $21.64 and a two-hundred day moving average price of $23.75.

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.