Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Update

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF – Get Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 1,600 shares, a decline of 69.8% from the April 30th total of 5,300 shares. Based on an average daily volume of 22,100 shares, the days-to-cover ratio is currently 0.1 days.

NYSE IIF traded up $0.22 during trading on Friday, reaching $22.89. 13,181 shares of the company traded hands, compared to its average volume of 21,728. The stock’s 50 day moving average price is $24.21 and its two-hundred day moving average price is $25.48. Morgan Stanley India Investment Fund has a 1-year low of $21.81 and a 1-year high of $28.40.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd boosted its holdings in Morgan Stanley India Investment Fund by 1.9% during the first quarter. Qube Research & Technologies Ltd now owns 26,449 shares of the company’s stock valued at $664,000 after purchasing an additional 500 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Morgan Stanley India Investment Fund by 5.8% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,097 shares of the company’s stock valued at $279,000 after acquiring an additional 612 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Morgan Stanley India Investment Fund by 123.8% in the third quarter. Royal Bank of Canada now owns 1,280 shares of the company’s stock valued at $35,000 after acquiring an additional 708 shares during the last quarter. UBS Group AG raised its stake in shares of Morgan Stanley India Investment Fund by 0.6% in the first quarter. UBS Group AG now owns 140,812 shares of the company’s stock valued at $3,536,000 after acquiring an additional 827 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Morgan Stanley India Investment Fund by 2.3% in the first quarter. National Bank of Canada FI now owns 39,736 shares of the company’s stock valued at $995,000 after acquiring an additional 900 shares during the last quarter. 51.03% of the stock is currently owned by institutional investors.

Morgan Stanley India Investment Fund Company Profile (Get Rating)

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.

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