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

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 20,500 shares, an increase of 58.9% from the October 15th total of 12,900 shares. Based on an average trading volume of 40,300 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Karpus Management Inc. raised its position in Morgan Stanley India Investment Fund by 0.7% during the first quarter. Karpus Management Inc. now owns 318,486 shares of the company’s stock valued at $7,306,000 after purchasing an additional 2,163 shares in the last quarter. Calamos Advisors LLC grew its holdings in Morgan Stanley India Investment Fund by 46.5% during the 2nd 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. Allspring Global Investments Holdings LLC grew its stake in shares of Morgan Stanley India Investment Fund by 0.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 526,548 shares of the company’s stock valued at $14,085,000 after buying an additional 2,000 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Morgan Stanley India Investment Fund by 23.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 7,283 shares of the company’s stock valued at $195,000 after purchasing an additional 1,377 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Morgan Stanley India Investment Fund by 18.9% during the 2nd quarter. Bank of Montreal Can now owns 29,560 shares of the company’s stock valued at $791,000 after purchasing an additional 4,700 shares during the last quarter. Institutional investors own 36.96% of the company’s stock.

Morgan Stanley India Investment Fund Stock Performance

Shares of IIF traded down $0.02 during midday trading on Thursday, hitting $27.34. The stock had a trading volume of 29,516 shares, compared to its average volume of 41,804. The company has a 50 day simple moving average of $28.56 and a two-hundred day simple moving average of $26.82. Morgan Stanley India Investment Fund has a twelve month low of $20.89 and a twelve month high of $30.41.

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.