Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Shares Shorted: Short Interest Up 111.5% in September

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 26,019 shares, a growth of 111.5% from the September 15th total of 12,304 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 23,835 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC lifted its stake in shares of Morgan Stanley India Investment Fund by 4.4% in the 1st quarter. Maridea Wealth Management LLC now owns 11,234 shares of the company’s stock valued at $231,000 after purchasing an additional 478 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Morgan Stanley India Investment Fund by 4.4% during the 1st quarter. Royal Bank of Canada now owns 35,708 shares of the company’s stock worth $735,000 after acquiring an additional 1,520 shares in the last quarter. Calamos Advisors LLC increased its holdings in shares of Morgan Stanley India Investment Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 16,208 shares of the company’s stock valued at $334,000 after acquiring an additional 1,930 shares during the last quarter. Gould Asset Management LLC CA lifted its holdings in Morgan Stanley India Investment Fund by 25.5% in the 1st quarter. Gould Asset Management LLC CA now owns 13,624 shares of the company’s stock worth $280,000 after purchasing an additional 2,770 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in 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 worth $123,000 after purchasing an additional 3,770 shares during the period. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Trading Up 1.5%

IIF traded up $0.33 during trading on Thursday, reaching $21.66. The company had a trading volume of 12,786 shares, compared to its average volume of 37,408. Morgan Stanley India Investment Fund has a 12-month low of $19.83 and a 12-month high of $27.99. The firm’s 50-day simple moving average is $22.44 and its 200 day simple moving average is $22.23.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc (NYSE:IIF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies based in India or with significant business activities in the country.

The fund provides investors with exposure to a broad range of Indian industries and may invest across sectors and company sizes. Its portfolio is generally focused on publicly traded Indian businesses, with the fund’s performance reflecting developments in India’s economy, capital markets and corporate sector.

The fund was established in 1994 and is managed by an investment management affiliate of Morgan Stanley.