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 drop in short interest during March. As of March 15, the total short interest stood at 23,300 shares, reflecting a decrease of 33.8% compared to the 35,200 shares reported at the end of February. This decline indicates that the confidence among investors is increasing, as only 0.2% of the company's shares are currently sold short. Based on the fund's average daily volume of 41,800 shares, the short-interest ratio is currently at 0.6 days.

Morgan Stanley India Investment Fund Stock Performance

On Friday, NYSE:IIF traded down by $0.12, reaching a price of $24.42 per share. The trading volume for the day was 17,956 shares, which is lower than the average volume of 40,845 shares. Over the past 50 days, the stock has seen a moving average price of $23.95, while the two-hundred day moving average price stands at $26.38. The fund’s stock has fluctuated within the year, having a low of $22.53 and a high of $30.41.

Institutional Inflows and Outflows

Recent changes in the holdings of institutional investors and hedge funds show varying levels of interest in the Morgan Stanley India Investment Fund. For instance, Elequin Capital LP entered a new stake in the fund worth $54,000 during the fourth quarter. Similarly, Main Management LLC added a new position for about $151,000. Blue Bell Private Wealth Management LLC increased its stake by 30.6% in the same quarter, bringing its total ownership to 7,683 shares valued at $194,000 following an additional purchase of 1,800 shares. Additionally, Sanctuary Advisors LLC raised its stake by 10.9% and now holds 8,904 shares worth $216,000 after acquiring 872 more shares during the last quarter. Finally, Maridea Wealth Management LLC made an investment worth approximately $226,000 in the fund during the same period. Overall, institutional investors and hedge funds collectively own about 36.96% of the company's stock.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc. is a closed-end equity mutual fund that is managed by Morgan Stanley Investment Management Inc. This fund invests in the public equity markets of India and focuses on a diversified range of 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

This article aims to provide a clear overview of the recent developments related to Morgan Stanley India Investment Fund and does not constitute financial advice.

Should You Invest in Morgan Stanley India Investment Fund Right Now?

Before considering an investment in Morgan Stanley India Investment Fund, it might be beneficial to analyze some other options. Market analysts closely monitor top-rated stocks and make recommendations daily. Interestingly, while Morgan Stanley India Investment Fund holds a 'Hold' rating, analysts suggest that there are five other stocks currently regarded as better investment opportunities.

Investment, Stocks, Market