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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 16,800 shares, an increase of 24.4% from the August 15th total of 13,500 shares. Based on an average daily trading volume, of 43,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several large investors have recently added to or reduced their stakes in IIF. Blue Bell Private Wealth Management LLC increased its stake in shares of Morgan Stanley India Investment Fund by 11.6% in the first quarter. Blue Bell Private Wealth Management LLC now owns 5,906 shares of the company’s stock worth $135,000 after acquiring an additional 612 shares during the period. Calamos Advisors LLC increased its stake in shares of Morgan Stanley India Investment Fund by 46.5% in the second quarter. Calamos Advisors LLC now owns 13,878 shares of the company’s stock worth $371,000 after acquiring an additional 4,402 shares during the period. Bank of Montreal Can increased its stake in shares of Morgan Stanley India Investment Fund by 18.9% in the second quarter. Bank of Montreal Can now owns 29,560 shares of the company’s stock worth $791,000 after acquiring an additional 4,700 shares during the period. Quantedge Capital Pte Ltd increased its stake in shares of Morgan Stanley India Investment Fund by 6.7% in the fourth quarter. Quantedge Capital Pte Ltd now owns 46,277 shares of the company’s stock worth $994,000 after acquiring an additional 2,900 shares during the period. Finally, Logan Stone Capital LLC acquired a new stake in shares of Morgan Stanley India Investment Fund in the second quarter worth $1,115,000. 36.96% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley India Investment Fund Price Performance

Shares of Morgan Stanley India Investment Fund stock opened at $28.63 on Friday. The stock has a 50 day moving average of $27.27 and a 200 day moving average of $25.11. Morgan Stanley India Investment Fund has a 12 month low of $20.89 and a 12 month high of $28.68.

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.