Morgan Stanley India Investment Fund, Inc. (NYSE: IIF – Get a rating) benefited from strong growth in short-term interest in April. As of April 30, there were short interests totaling 5,300 shares, a growth of 341.7% from the total of 1,200 shares as of April 15. Based on an average daily volume of 21,700 shares, the short interest ratio is currently 0.2 days.

IIF shares opened at $22.24 on Thursday. Morgan Stanley India Investment Fund has a 52-week low of $22.15 and a 52-week high of $28.40. The stock has a fifty-day simple moving average of $24.53 and a two-hundred-day simple moving average of $25.88.

Several large investors have recently changed their positions in IIF. Karpus Management Inc. increased its stake in Morgan Stanley India Investment Fund by 10.6% in 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 in the last quarter. Hightower 6M Holding LLC acquired a new stake in Morgan Stanley India Investment Fund in the first quarter worth approximately $385,000. Qube Research & Technologies Ltd increased its stake in shares of Morgan Stanley India Investment Fund by 1.9% during the first quarter. Qube Research & Technologies Ltd now owns 26,449 shares in the company worth $664,000 after purchasing an additional 500 shares during the period. National Bank of Canada FI increased its position in Morgan Stanley India Investment Fund by 2.3% during the first quarter. National Bank of Canada FI now owns 39,736 shares of the company valued at $995,000 after purchasing an additional 900 shares during the period. Finally, Wolverine Asset Management LLC increased its position in Morgan Stanley India Investment Fund by 17.2% during the first quarter. Wolverine Asset Management LLC now owns 96,294 shares of the company valued at $2,417,000 after purchasing an additional 14,108 shares during the period. 51.03% of the shares are held by hedge funds and other institutional investors.

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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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