Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) was the target of a significant increase in short interest during 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.
Shares of NYSE IIF traded down $0.17 during trading hours on Wednesday, hitting $24.02. The stock had a trading volume of 33,668 shares, compared to its average volume of 55,464. The firm's 50-day moving average price is $25.61 and its two-hundred day moving average price is $27.18. Morgan Stanley India Investment Fund has a 52 week low of $22.38 and a 52 week high of $30.41.
The company also recently disclosed 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.
Several institutional investors have recently added to or reduced their stakes in IIF. Public Employees Retirement System of Ohio acquired a new position in Morgan Stanley India Investment Fund in the third quarter worth $5,052,000. Wolverine Asset Management LLC bought a new position in Morgan Stanley India Investment Fund during the fourth quarter worth about $419,000. Maridea Wealth Management LLC acquired a new position in Morgan Stanley India Investment Fund in the 4th quarter worth $226,000. HighTower Advisors LLC acquired a new position in Morgan Stanley India Investment Fund during the third quarter worth $248,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Morgan Stanley India Investment Fund during the 3rd quarter worth approximately $224,000. 36.96% of the stock is owned by institutional investors.
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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