Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Declines By 23.1%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 35,200 shares, a decrease of 23.1% from the February 13th total of 45,800 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 45,700 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Morgan Stanley India Investment Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Elequin Capital LP purchased a new position in Morgan Stanley India Investment Fund during the 4th quarter worth $54,000. Blue Bell Private Wealth Management LLC raised its position in Morgan Stanley India Investment Fund by 30.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,683 shares of the company’s stock worth $194,000 after buying an additional 1,800 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Morgan Stanley India Investment Fund during the 3rd quarter worth $224,000. HighTower Advisors LLC purchased a new position in Morgan Stanley India Investment Fund during the 3rd quarter worth $248,000. Finally, Maridea Wealth Management LLC purchased a new position in Morgan Stanley India Investment Fund during the 4th quarter worth $226,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Stock Up 2.1 %

IIF stock traded up $0.50 on Monday, hitting $23.76. The company’s stock had a trading volume of 14,157 shares, compared to its average volume of 41,601. The firm has a 50 day moving average of $24.07 and a two-hundred day moving average of $26.61. Morgan Stanley India Investment Fund has a 1 year low of $22.38 and a 1 year high of $30.41.

About Morgan Stanley India Investment Fund

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.