Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Sees Significant Drop in Short Interest

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 17,800 shares, a drop of 13.2% from the October 31st total of 20,500 shares. Based on an average daily trading volume, of 40,300 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Morgan Stanley India Investment Fund by 23.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 7,283 shares of the company’s stock worth $195,000 after purchasing an additional 1,377 shares during the period. Sanctuary Advisors LLC acquired a new stake in Morgan Stanley India Investment Fund in the third quarter valued at approximately $224,000. HighTower Advisors LLC acquired a new stake in shares of Morgan Stanley India Investment Fund in the third quarter worth $248,000. Calamos Advisors LLC lifted its stake in shares of Morgan Stanley India Investment Fund by 46.5% in the second quarter. Calamos Advisors LLC now owns 13,878 shares of the company’s stock worth $371,000 after buying an additional 4,402 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Morgan Stanley India Investment Fund by 18.9% during the second quarter. Bank of Montreal Can now owns 29,560 shares of the company’s stock worth $791,000 after acquiring an additional 4,700 shares during the period. 36.96% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley India Investment Fund Stock Up 0.6 %

Morgan Stanley India Investment Fund stock traded up $0.17 during trading hours on Tuesday, hitting $28.45. 9,798 shares of the company traded hands, compared to its average volume of 41,858. The firm’s 50-day simple moving average is $28.36 and its two-hundred day simple moving average is $27.23. Morgan Stanley India Investment Fund has a 1-year low of $20.89 and a 1-year high of $30.41.

Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.