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 large growth in short interest in August. As of August 31st, there was short interest totalling 16,800 shares, a growth of 24.4% from the August 15th total of 13,500 shares. Based on an average daily volume of 43,500 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Morgan Stanley India Investment Fund

Several institutional investors and hedge funds have recently made changes to their positions in IIF. Logan Stone Capital LLC purchased a new stake in shares of Morgan Stanley India Investment Fund during the 2nd quarter valued at $1,115,000. 1607 Capital Partners LLC raised its position in shares of Morgan Stanley India Investment Fund by 8.5% during the 4th quarter. 1607 Capital Partners LLC now owns 139,406 shares of the company’s stock valued at $2,993,000 after buying an additional 10,909 shares in the last quarter. Karpus Management Inc. raised its position in Morgan Stanley India Investment Fund by 2.5% in the 4th quarter. Karpus Management Inc. now owns 316,323 shares of the company’s stock worth $6,791,000 after purchasing an additional 7,854 shares during the period. Bank of Montreal Can raised its position in Morgan Stanley India Investment Fund by 18.9% in the 2nd quarter. Bank of Montreal Can now owns 29,560 shares of the company’s stock worth $791,000 after purchasing an additional 4,700 shares during the period. Finally, Calamos Advisors LLC raised its position in Morgan Stanley India Investment Fund by 46.5% in the 2nd quarter. Calamos Advisors LLC now owns 13,878 shares of the company’s stock worth $371,000 after purchasing an additional 4,402 shares during the period. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Stock Performance

Morgan Stanley India Investment Fund stock opened at $28.94 on Tuesday. The firm’s fifty day moving average price is $27.27 and its 200-day moving average price is $25.13. Morgan Stanley India Investment Fund has a fifty-two week low of $20.89 and a fifty-two week high of $28.94.

About Morgan Stanley India Investment Fund

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.