Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Short Interest Up 120.6% in March

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 8,989 shares, a growth of 120.6% from the February 26th total of 4,074 shares. Based on an average trading volume of 66,245 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Morgan Stanley India Investment Fund Stock Performance

Shares of NYSE IIF opened at $20.13 on Friday. The firm has a fifty day simple moving average of $23.18 and a two-hundred day simple moving average of $25.34. Morgan Stanley India Investment Fund has a 12 month low of $20.03 and a 12 month high of $28.37.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

A number of institutional investors and hedge funds have recently made changes to their positions in IIF. City of London Investment Management Co. Ltd. grew its holdings in Morgan Stanley India Investment Fund by 366.1% during the third quarter. City of London Investment Management Co. Ltd. now owns 482,174 shares of the company’s stock valued at $12,705,000 after purchasing an additional 378,732 shares during the period. Maridea Wealth Management LLC increased its position in Morgan Stanley India Investment Fund by 13.4% in the third quarter. Maridea Wealth Management LLC now owns 10,561 shares of the company’s stock worth $290,000 after buying an additional 1,247 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Morgan Stanley India Investment Fund by 11.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,700 shares of the company’s stock worth $218,000 after buying an additional 900 shares during the period. Pursuit Wealth Management LLC bought a new position in shares of Morgan Stanley India Investment Fund in the fourth quarter worth about $717,000. Finally, Evergreen Capital Management LLC lifted its position in shares of Morgan Stanley India Investment Fund by 5.7% during the 4th quarter. Evergreen Capital Management LLC now owns 121,279 shares of the company’s stock valued at $3,262,000 after buying an additional 6,508 shares in the last quarter. Institutional investors own 36.96% of the company’s stock.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund (NYSE:IIF) is a closed-end investment company sponsored by Morgan Stanley Investment Management and listed on the New York Stock Exchange. Incepted in December 1994, the fund provides U.S. investors with a dedicated vehicle for exposure to the securities of Indian companies. As a closed-end fund, it issues a fixed number of shares that trade on the NYSE, offering liquidity and the potential for share price discovery in addition to underlying net asset value.

The fund’s primary objective is long-term capital appreciation through investments in equity securities of Indian issuers.