Short Interest in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) Increases By 285.8%

Morgan Stanley India Investment Fund, Inc. (NYSE:IIF - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 43,600 shares, an increase of 285.8% from the January 15th total of 11,300 shares. Based on an average daily volume of 48,400 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Morgan Stanley India Investment Fund

A number of hedge funds have recently modified their holdings of the business. Stifel Financial Corp grew its holdings in shares of Morgan Stanley India Investment Fund by 11.9% during the 4th quarter. Stifel Financial Corp now owns 73,289 shares of the company's stock worth $1,852,000 after purchasing an additional 7,783 shares during the period. Maridea Wealth Management LLC purchased a new position in Morgan Stanley India Investment Fund during the 4th quarter valued at about $226,000. HighTower Advisors LLC boosted its holdings in Morgan Stanley India Investment Fund by 32.8% during the 4th quarter. HighTower Advisors LLC now owns 10,929 shares of the company's stock valued at $276,000 after acquiring an additional 2,699 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in Morgan Stanley India Investment Fund by 30.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,683 shares of the company's stock valued at $194,000 after acquiring an additional 1,800 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Morgan Stanley India Investment Fund by 30.4% during the 4th quarter. Jones Financial Companies Lllp now owns 10,000 shares of the company's stock valued at $253,000 after acquiring an additional 2,331 shares during the period. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley India Investment Fund Stock Performance

Shares of NYSE IIF traded down $0.55 during mid-day trading on Friday, reaching $23.70. 39,008 shares of the company's stock were exchanged, compared to its average volume of 57,123. Morgan Stanley India Investment Fund has a 52-week low of $22.38 and a 52-week high of $30.41. The company's 50-day moving average is $25.30 and its 200-day moving average is $27.11.

Morgan Stanley India Investment Fund Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th were issued a dividend of $2.6969 per share. The ex-dividend date was Friday, December 13th.

About Morgan Stanley India Investment Fund

Morgan Stanley India Investment Fund, Inc is a closed ended 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 equity markets of India. The fund invests in stocks of companies operating across diversified sectors.