Morgan Stanley India Investment Fund, Inc. (NYSE: IIF – Get a rating) was the target of a surge in short-term interest in April. As of April 15, there was short interest totaling 1,200 shares, an increase of 140.0% from the March 31 total of 500 shares. Based on an average trading volume of 22,700 shares, the day-to-cover ratio is currently 0.1 day.

IIF opened at $24.79 on Friday. Morgan Stanley India Investment Fund has a 12-month low of $22.74 and a 12-month high of $28.40. The company has a 50-day moving average price of $24.79 and a 200-day moving average price of $26.16.

Hedge funds have recently been buying and selling shares of the company. Morgan Stanley increased its position in Morgan Stanley India Investment Fund by 66.6% in the second quarter. Morgan Stanley now owns 12,605 shares of the company valued at $311,000 after buying an additional 5,038 shares in the last quarter. 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 worth $2,190,000 after acquiring 13,258 additional shares in the last quarter. Rockefeller Capital Management LP increased its position in shares of Morgan Stanley India Investment Fund by 740.7% during the third quarter. Rockefeller Capital Management LP now owns 4,540 shares of the company worth $125,000 after purchasing an additional 4,000 shares during the period. Royal Bank of Canada increased its position in Morgan Stanley India Investment Fund shares by 123.8% during the third quarter. Royal Bank of Canada now owns 1,280 shares of the company worth $35,000 after purchasing an additional 708 shares during the period. Lastly, Evergreen Capital Management LLC increased its position in shares of Morgan Stanley India Investment Fund by 1.4% during the third quarter. Evergreen Capital Management LLC now owns 84,865 shares of the company worth $2,341,000 after purchasing an additional 1,195 shares during the period. 55.85% of the shares are held by institutional investors.

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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