Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Down 67.5% in June

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,716 shares, a drop of 67.5% from the June 15th total of 5,286 shares. Based on an average daily volume of 25,399 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Morgan Stanley India Investment Fund Trading Down 0.8%

Shares of IIF traded down $0.18 during mid-day trading on Tuesday, reaching $22.82. 48,265 shares of the company’s stock traded hands, compared to its average volume of 25,707. The stock’s 50-day moving average is $22.09 and its two-hundred day moving average is $22.75. Morgan Stanley India Investment Fund has a 12 month low of $19.83 and a 12 month high of $27.99.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Several hedge funds have recently bought and sold shares of IIF. Financial Solutions Advisory Group Inc. purchased a new stake in Morgan Stanley India Investment Fund in the first quarter worth $325,000. Royal Bank of Canada boosted its stake in shares of Morgan Stanley India Investment Fund by 4.4% during the first quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock valued at $735,000 after purchasing an additional 1,520 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Morgan Stanley India Investment Fund by 172.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,960 shares of the company’s stock valued at $123,000 after purchasing an additional 3,770 shares during the period. Gould Asset Management LLC CA boosted its stake in shares of Morgan Stanley India Investment Fund by 25.5% during the first quarter. Gould Asset Management LLC CA now owns 13,624 shares of the company’s stock valued at $280,000 after purchasing an additional 2,770 shares during the period. Finally, Calamos Advisors LLC grew its holdings 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 worth $334,000 after purchasing an additional 1,930 shares during the last quarter. 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.