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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) experienced a significant decrease in short interest during March. As of March 15, the total short interest stood at 23,300 shares, marking a fall of 33.8% from 35,200 shares recorded at the end of February. Given the average daily trading volume of 41,800 shares, the current short-interest ratio is 0.6 days. Additionally, around 0.2% of the company's total shares are currently sold short.

Morgan Stanley India Investment Fund Stock Performance

On Friday, shares of NYSE:IIF fell by $0.12 during trading, bringing the price down to $24.42. The trading volume for the day reached 17,956 shares, compared to an average volume of 40,845 shares. The stock's 50-day moving average price is currently $23.95, while the 200-day moving average price is $26.38. Over the past year, Morgan Stanley India Investment Fund has seen a low of $22.53 and a high of $30.41.

Institutional Inflows and Outflows

Recent changes in ownership among institutional investors and hedge funds show a trend of modifying their holdings in the company. Elequin Capital LP acquired a new stake in Morgan Stanley India Investment Fund during the fourth quarter, valued at $54,000. Another firm, Main Management LLC, purchased a new position worth approximately $151,000 in the same quarter. Additionally, Blue Bell Private Wealth Management LLC raised its stakes by 30.6%, now owning 7,683 shares valued at $194,000 after acquiring 1,800 additional shares last quarter. Sanctuary Advisors LLC also increased its ownership by 10.9%, holding 8,904 shares now worth $216,000, following a purchase of 872 shares in the previous quarter. Furthermore, Maridea Wealth Management LLC bought a new stake estimated at around $226,000 during the fourth quarter. Overall, institutional investors and hedge funds collectively control 36.96% of the company's stock.

About Morgan Stanley India Investment Fund

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Morgan Stanley India Investment Fund, Inc. is a closed-end equity mutual fund, launched and managed by Morgan Stanley Investment Management Inc. The management is further supported by the Morgan Stanley Investment Management Company. The fund primarily invests in the public equity markets of India, focusing on stocks from diverse sectors.

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