Significant Drop in Short Interest for Morgan Stanley India Investment Fund, Inc. (NYSE:IIF)

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) experienced a noteworthy decline in short interest during March. As of March 15th, the total short interest was reported to be 23,300 shares, reflecting a 33.8% decrease from the total of 35,200 shares recorded on February 28th. Based on the fund's average daily trading volume of 41,800 shares, the current short-interest ratio stands at 0.6 days. Presently, only about 0.2% of the company's shares are sold short.

Recent Stock Performance of Morgan Stanley India Investment Fund

On Friday, shares of NYSE:IIF fell by $0.12, closing at $24.42. The trading volume for the day was 17,956 shares, which is lower than the average volume of 40,845 shares. The fund's stock has maintained a 50-day moving average price of $23.95 and a 200-day moving average price of $26.38. Over the past year, the stock has reached a low of $22.53 and a high of $30.41.

Changes in Institutional Holdings

Recent adjustments have been made by institutional investors and hedge funds regarding their holdings in Morgan Stanley India Investment Fund. In the fourth quarter, Elequin Capital LP acquired a new stake in the fund worth $54,000. Main Management LLC also entered a new position valued at approximately $151,000 during the same period. Moreover, Blue Bell Private Wealth Management LLC increased their stake by 30.6%, now owning 7,683 shares valued at $194,000 after buying an additional 1,800 shares. Sanctuary Advisors LLC raised its holding by 10.9%, bringing their total to 8,904 shares worth $216,000. Maridea Wealth Management LLC also purchased a new stake estimated at $226,000. Currently, institutional investors control about 36.96% of the company's stock.

Background on Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc. is a closed-end equity mutual fund that is launched and managed by Morgan Stanley Investment Management Inc. The fund is co-managed by Morgan Stanley Investment Management Company and focuses on investment in the public equity markets of India, selecting stocks from a variety of sectors.

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This news report was created utilizing technology and financial data to provide readers with the quickest and most precise updates. It was reviewed by an editorial team prior to publication.

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