Morgan Stanley India Investment Fund, Inc. (NYSE: IIFGet a rating) experienced significant growth in short interest during the month of May. As of May 31, there were short interests totaling 2,700 shares, up 68.8% from the May 15 total of 1,600 shares. Based on an average trading volume of 22,700 shares, the day-to-cover ratio is currently 0.1 day.

Several institutional investors and hedge funds have recently changed their holdings in the company. Bank of America Corp DE increased its position in shares of Morgan Stanley India Investment Fund by 13.3% during the first quarter. Bank of America Corp DE now owns 62,955 shares of the company worth $1,581,000 after acquiring 7,396 additional shares in the last quarter. Evergreen Capital Management LLC increased its stake in Morgan Stanley India Investment Fund by 2.7% during the first quarter. Evergreen Capital Management LLC now owns 58,295 shares of the company worth $1,464,000 after purchasing an additional 1,530 shares during the period. UBS Group AG increased its stake in Morgan Stanley India Investment Fund by 0.6% during the first quarter. UBS Group AG now owns 140,812 shares of the company worth $3,536,000 after purchasing an additional 827 shares during the period. Karpus Management Inc. increased its stake in Morgan Stanley India Investment Fund by 10.6% during the first quarter. Karpus Management Inc. now owns 153,494 shares of the company worth $3,854,000 after purchasing an additional 14,689 shares during the period. Finally, Hightower 6M Holding LLC acquired a new stake in Morgan Stanley India Investment Fund during the first quarter worth approximately $385,000. Institutional investors hold 51.03% of the company’s shares.

Shares of IIR traded down $0.25 in midday trading on Monday, hitting $22.34. 100 shares of the company were traded, against an average volume of 22,612. Morgan Stanley India Investment Fund has a 52-week low of $21.81 and a 52-week high of $28.40. The company has a 50-day simple moving average of $23.74 and a two-hundred-day simple moving average of $25.09.

About Morgan Stanley India Investment Fund (Get a rating)

Morgan Stanley India Investment Fund, Inc is a closed-end 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 stock markets of India. The fund invests in shares of companies operating in diversified sectors.

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