Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Up 47.4% in January

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 8,671 shares, an increase of 47.4% from the January 15th total of 5,883 shares. Based on an average trading volume of 53,034 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 53,034 shares, the short-interest ratio is currently 0.2 days.

Morgan Stanley India Investment Fund Stock Performance

Shares of IIF traded down $0.07 during trading hours on Monday, hitting $24.30. The stock had a trading volume of 12,952 shares, compared to its average volume of 45,367. Morgan Stanley India Investment Fund has a 12 month low of $22.20 and a 12 month high of $28.37. The stock has a fifty day moving average price of $24.88 and a 200 day moving average price of $26.23.

Morgan Stanley India Investment Fund Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 19th were issued a dividend of $1.9852 per share. This represents a yield of 778.0%. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Several institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its holdings in shares of Morgan Stanley India Investment Fund by 285.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Morgan Stanley India Investment Fund in the second quarter worth about $46,000. Osaic Holdings Inc. increased its stake in Morgan Stanley India Investment Fund by 203.7% during the second quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock worth $57,000 after acquiring an additional 1,363 shares during the last quarter. Allworth Financial LP increased its stake in Morgan Stanley India Investment Fund by 880.0% during the second quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock worth $138,000 after acquiring an additional 4,400 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in Morgan Stanley India Investment Fund during the third quarter valued at approximately $208,000. Institutional investors own 36.96% of the company’s stock.

About Morgan Stanley India Investment Fund

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.