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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 23,300 shares, a decline of 33.8% from the February 28th total of 35,200 shares. Based on an average daily trading volume, of 41,800 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Morgan Stanley India Investment Fund Stock Performance

Shares of IIF stock traded down $0.03 on Monday, reaching $24.39. The company had a trading volume of 45,294 shares, compared to its average volume of 40,863. The company has a 50-day moving average of $23.94 and a 200-day moving average of $26.32. Morgan Stanley India Investment Fund has a 12 month low of $22.53 and a 12 month high of $30.41.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several large investors have recently bought and sold shares of IIF. Public Employees Retirement System of Ohio bought a new position in shares of Morgan Stanley India Investment Fund during the third quarter worth $5,052,000. Main Management LLC bought a new position in Morgan Stanley India Investment Fund during the fourth quarter worth about $151,000. Bulldog Investors LLP grew its stake in Morgan Stanley India Investment Fund by 42.5% in the fourth quarter. Bulldog Investors LLP now owns 287,644 shares of the company’s stock valued at $7,295,000 after acquiring an additional 85,772 shares during the period. Saba Capital Management L.P. increased its holdings in shares of Morgan Stanley India Investment Fund by 9.7% in the fourth quarter. Saba Capital Management L.P. now owns 741,531 shares of the company’s stock worth $18,738,000 after acquiring an additional 65,828 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Morgan Stanley India Investment Fund during the fourth quarter worth about $419,000. 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.