Shares of Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.33 and traded as high as $20.11. Morgan Stanley China A Share Fund shares last traded at $19.96, with a volume of 38,024 shares traded.
Morgan Stanley China A Share Fund Stock Performance
The stock has a 50 day simple moving average of $18.38 and a two-hundred day simple moving average of $17.79.
Hedge Funds Weigh In On Morgan Stanley China A Share Fund
A number of institutional investors have recently modified their holdings of CAF. Cresset Asset Management LLC raised its stake in shares of Morgan Stanley China A Share Fund by 10.4% during the 2nd quarter. Cresset Asset Management LLC now owns 11,040 shares of the investment management company’s stock valued at $152,000 after buying an additional 1,040 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Morgan Stanley China A Share Fund by 39.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock valued at $129,000 after buying an additional 2,658 shares during the last quarter. Acuitas Investments LLC purchased a new position in shares of Morgan Stanley China A Share Fund during the 3rd quarter valued at about $81,000. Lazard Asset Management LLC raised its stake in shares of Morgan Stanley China A Share Fund by 0.4% during the 3rd quarter. Lazard Asset Management LLC now owns 2,303,525 shares of the investment management company’s stock valued at $38,354,000 after buying an additional 9,909 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its stake in shares of Morgan Stanley China A Share Fund by 3.3% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 6,147,824 shares of the investment management company’s stock valued at $102,361,000 after buying an additional 197,503 shares during the last quarter.
About Morgan Stanley China A Share Fund
The Morgan Stanley China A Share Fund (NYSE: CAF) is a closed-end investment fund designed to provide U.S. investors with direct exposure to China A-share equities. Primarily focused on mainland China’s onshore stock market, the fund seeks total return through capital appreciation and current income by investing in a diversified portfolio of common stocks, depositary receipts, warrants and other equity-related securities of issuers domiciled in or conducting the majority of their business operations in China.
Launched in the mid-2000s, the fund was established to capitalize on China’s gradual opening of its domestic equity markets to foreign investors.
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