Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Expands By 285.8%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 43,600 shares, an increase of 285.8% from the January 15th total of 11,300 shares. Based on an average daily volume of 48,400 shares, the short-interest ratio is currently 0.9 days.

Morgan Stanley India Investment Fund Stock Up 0.7 %

NYSE:IIF traded up $0.18 during mid-day trading on Thursday, reaching $24.19. 5,202 shares of the company’s stock traded hands, compared to its average volume of 53,743. Morgan Stanley India Investment Fund has a 12-month low of $22.38 and a 12-month high of $30.41. The company has a 50 day moving average price of $25.52 and a 200-day moving average price of $27.16.

Morgan Stanley India Investment Fund Cuts Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 13th were issued a dividend of $2.6969 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of Morgan Stanley India Investment Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IIF. Maridea Wealth Management LLC purchased a new position in shares of Morgan Stanley India Investment Fund during the fourth quarter valued at about $226,000. HighTower Advisors LLC grew its holdings in shares of Morgan Stanley India Investment Fund by 32.8% during the 4th quarter. HighTower Advisors LLC now owns 10,929 shares of the company’s stock worth $276,000 after acquiring an additional 2,699 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in shares of Morgan Stanley India Investment Fund by 30.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,683 shares of the company’s stock valued at $194,000 after purchasing an additional 1,800 shares during the period. Jones Financial Companies Lllp grew its stake in Morgan Stanley India Investment Fund by 30.4% in the fourth quarter. Jones Financial Companies Lllp now owns 10,000 shares of the company’s stock worth $253,000 after purchasing an additional 2,331 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of Morgan Stanley India Investment Fund in the 4th quarter worth about $419,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

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.