Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) saw a significant increase in short interest in January. As of January 31, there was short interest totaling 5,800 shares, an increase of 152.2% from the total of 2,300 shares as of January 15. Based on an average daily volume of 26,500 shares, the day-to-cover ratio is currently 0.2 days.

Institutional investors and hedge funds have recently changed their positions in the company. Bank of America Corp DE increased its stake in shares of Morgan Stanley India Investment Fund by 2.7% in the second quarter. Bank of America Corp DE now owns 51,954 shares of the company valued at $1,281,000 after acquiring an additional 1,355 shares during the period. Wells Fargo & Company MN increased its stake in shares of Morgan Stanley India Investment Fund by 8.9% in the second quarter. Wells Fargo & Company MN now owns 494,721 shares of the company valued at $12,205,000 after acquiring an additional 40,547 shares during the period. 6 Meridian bought a new stake in shares of Morgan Stanley India Investment Fund in the third quarter valued at $457,000. Rockefeller Capital Management LP increased its stake in shares of Morgan Stanley India Investment Fund by 740.7% in the third quarter. Rockefeller Capital Management LP now owns 4,540 shares of the company valued at $125,000 after acquiring an additional 4,000 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Morgan Stanley India Investment Fund by 20.1% in the third quarter. Raymond James & Associates now owns 79,379 shares of the company valued at $2,190,000 after acquiring an additional 13,258 shares during the period. 52.99% of the shares are currently held by institutional investors and hedge funds.

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Shares of IIF traded down $0.34 in Friday’s midday session, hitting $26.00. The stock recorded a trading volume of 14,514 shares, compared to an average volume of 20,873. Morgan Stanley India Investment Fund has a 1-year low of $21.66 and a 1-year high of 28.40 $. The stock’s 50-day moving average is $26.54 and its 200-day moving average is $26.97.

The company also recently announced a dividend, which was paid on Friday, January 14. Shareholders of record on Friday, December 17 received a dividend of $1.0011. The ex-dividend date was Thursday, December 16.

Morgan Stanley India Investment Fund Company Profile

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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