Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Up 35.2% in September

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 24,600 shares, a growth of 35.2% from the September 15th total of 18,200 shares. Based on an average daily trading volume, of 46,100 shares, the days-to-cover ratio is presently 0.5 days.

Morgan Stanley India Investment Fund Price Performance

IIF traded down $0.07 during mid-day trading on Tuesday, reaching $28.76. 10,612 shares of the stock were exchanged, compared to its average volume of 41,264. The company has a 50 day moving average price of $28.22 and a two-hundred day moving average price of $26.08. Morgan Stanley India Investment Fund has a 1 year low of $20.89 and a 1 year high of $30.41.

Institutional Investors Weigh In On Morgan Stanley India Investment Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Logan Stone Capital LLC purchased a new position in Morgan Stanley India Investment Fund in the second quarter valued at about $1,115,000. Allspring Global Investments Holdings LLC lifted its stake in Morgan Stanley India Investment Fund by 0.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 526,548 shares of the company’s stock valued at $14,085,000 after purchasing an additional 2,000 shares during the last quarter. Almitas Capital LLC grew its holdings in Morgan Stanley India Investment Fund by 2.3% during the second quarter. Almitas Capital LLC now owns 114,751 shares of the company’s stock valued at $3,070,000 after purchasing an additional 2,560 shares during the period. Calamos Advisors LLC increased its position in 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 buying an additional 4,402 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of 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 buying an additional 1,377 shares during the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

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.