Morgan Stanley India Investment Fund, Inc. (NYSE: IIF – Get a rating) was the target of strong short-term interest growth during the month of March. As of March 15, there were short interests totaling 15,500 shares, a growth of 5,066.7% from February 28’s total of 300 shares. Based on an average daily volume of 22,400 shares, the day-to-cover ratio is currently 0.7 days.

Shares of IIF traded down $0.11 at midday Friday, hitting $24.90. 116 shares were traded, against an average volume of 22,672. Morgan Stanley India Investment Fund has a 12-month low of $21.66 and a 12-month high of $28.40. The stock’s 50-day simple moving average is $25.49 and its 200-day simple moving average is $26.64.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its position in shares of Morgan Stanley India Investment Fund by 66.6% in the second quarter. Morgan Stanley now owns 12,605 shares of the company worth $311,000 after purchasing an additional 5,038 shares during the period. Bank of America Corp DE increased its position 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 worth $1,281,000 after purchasing an additional 1,355 shares during the period. Wells Fargo & Company MN increased its position in Morgan Stanley India Investment Fund by 8.9% during the second quarter. Wells Fargo & Company MN now owns 494,721 shares of the company worth $12,205,000 after purchasing an additional 40,547 shares last quarter. Raymond James & Associates increased its position in 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 buying an additional 13,258 shares last quarter. Finally, 6 Meridian acquired a new stake in Morgan Stanley India Investment Fund in the third quarter, valued at approximately $457,000. 55.85% of the shares are held by institutional investors.

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Morgan Stanley India Investment Fund Company Profile (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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