Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Drops By 33.8%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) experienced a significant decline in short interest during March. By March 15th, the total short interest stood at 23,300 shares, reflecting a 33.8% decrease from the previous total of 35,200 shares recorded on February 28th. With an average daily trading volume of 41,800 shares, the current short-interest ratio is 0.6 days. This indicates that approximately 0.2% of the company's shares are currently sold short.

Morgan Stanley India Investment Fund Stock Performance

On Friday, shares of NYSE:IIF traded down by $0.12, bringing the stock price to $24.42. The trading volume for the day was 17,956 shares, which is lower in comparison to its average volume of 40,845 shares. The stock exhibits a 50-day moving average price of $23.95 and a 200-day moving average price of $26.38. Over the past year, the fund has reached a low of $22.53 and a high of $30.41.

Institutional Inflows and Outflows

Recently, institutional investors and hedge funds have made adjustments to their holdings in the Morgan Stanley India Investment Fund. Elequin Capital LP entered into a new investment in the fund during the fourth quarter, amounting to $54,000. Main Management LLC also acquired new shares worth approximately $151,000 during the same period. Blue Bell Private Wealth Management LLC increased their stake in the fund by 30.6%, now holding 7,683 shares valued at $194,000 after acquiring 1,800 additional shares in the last quarter. Sanctuary Advisors LLC raised its holding by 10.9%, owning 8,904 shares worth $216,000 after an additional purchase of 872 shares. Moreover, Maridea Wealth Management LLC also acquired a fresh stake in the fund worth around $226,000 in the fourth quarter. In total, hedge funds and institutional investors own about 36.96% of the company’s stock.

About Morgan Stanley India Investment Fund

The Morgan Stanley India Investment Fund, Inc. is a closed-ended equity mutual fund that was launched and is managed by Morgan Stanley Investment Management Inc. The fund is co-managed by Morgan Stanley Investment Management Company and invests primarily in the public equity markets of India, focusing on stocks across various sectors.

Further Reading

• Five stocks we like better than Morgan Stanley India Investment Fund
• Trading Stocks: RSI and Why it's Useful
• MarketBeat Week in Review – 03/24 - 03/28
• Election Stocks: How Elections Affect the Stock Market
• Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low
• Investing In Automotive Stocks
• 4 Healthcare Stocks With Massive Gains—and More to Come

short, interest, decline