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

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

Morgan Stanley India Investment Fund Trading Down 0.1 %

Morgan Stanley India Investment Fund stock traded down $0.02 during midday trading on Thursday, reaching $27.34. 29,516 shares of the company were exchanged, compared to its average volume of 41,804. The firm’s 50-day simple moving average is $28.56 and its 200-day simple moving average is $26.82. Morgan Stanley India Investment Fund has a 1 year low of $20.89 and a 1 year high of $30.41.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC increased its holdings 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 worth $195,000 after purchasing an additional 1,377 shares during the last quarter. Calamos Advisors LLC boosted its position 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 valued at $371,000 after purchasing an additional 4,402 shares during the period. Bank of Montreal Can boosted its position 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 period. Logan Stone Capital LLC acquired a new position in Morgan Stanley India Investment Fund during the 2nd quarter worth $1,115,000. Finally, Almitas Capital LLC lifted its holdings in shares of Morgan Stanley India Investment Fund by 2.3% in the second quarter. Almitas Capital LLC now owns 114,751 shares of the company’s stock valued at $3,070,000 after buying an additional 2,560 shares during the period. 36.96% of the stock is owned by institutional investors and hedge funds.

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.