Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Expands By 567.4%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 11,179 shares, an increase of 567.4% from the November 30th total of 1,675 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 27,492 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 27,492 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Morgan Stanley India Investment Fund Price Performance

Shares of IIF traded down $0.10 during mid-day trading on Thursday, hitting $25.37. 4,304 shares of the company’s stock were exchanged, compared to its average volume of 34,841. Morgan Stanley India Investment Fund has a fifty-two week low of $22.20 and a fifty-two week high of $28.37. The business’s 50 day moving average is $26.87 and its two-hundred day moving average is $27.10.

Morgan Stanley India Investment Fund Announces Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, December 19th will be issued a $1.9852 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a dividend yield of 778.0%.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Several institutional investors have recently bought and sold shares of IIF. Steward Partners Investment Advisory LLC lifted its stake 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 acquiring an additional 1,000 shares during the period. Raymond James Financial Inc. purchased a new position in Morgan Stanley India Investment Fund during the second quarter worth about $46,000. Osaic Holdings Inc. lifted its position in Morgan Stanley India Investment Fund by 203.7% in the second quarter. Osaic Holdings Inc. now owns 2,032 shares of the company’s stock valued at $57,000 after purchasing an additional 1,363 shares during the period. Allworth Financial LP boosted its holdings in Morgan Stanley India Investment Fund by 880.0% in the 2nd quarter. Allworth Financial LP now owns 4,900 shares of the company’s stock valued at $138,000 after purchasing an additional 4,400 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in Morgan Stanley India Investment Fund in the 3rd quarter valued at approximately $208,000. 36.96% of the stock is owned by institutional investors and hedge funds.

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.