Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Sees Large Growth in Short Interest

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 14,431 shares, a growth of 171.8% from the April 30th total of 5,310 shares. Based on an average daily volume of 64,601 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. City of London Investment Management Co. Ltd. raised its stake in shares of Morgan Stanley China A Share Fund by 3.3% in the third quarter. City of London Investment Management Co. Ltd. now owns 6,147,824 shares of the investment management company’s stock worth $102,361,000 after purchasing an additional 197,503 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Morgan Stanley China A Share Fund by 67.6% in the fourth quarter. Cohen & Steers Inc. now owns 62,000 shares of the investment management company’s stock worth $1,076,000 after purchasing an additional 25,000 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Morgan Stanley China A Share Fund by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 677,968 shares of the investment management company’s stock worth $11,288,000 after purchasing an additional 12,663 shares during the last quarter. Acuitas Investments LLC purchased a new position in shares of Morgan Stanley China A Share Fund in the third quarter worth $81,000. Finally, Fifth Third Bancorp purchased a new position in shares of Morgan Stanley China A Share Fund in the first quarter worth $39,000.

Morgan Stanley China A Share Fund Stock Up 1.0%

Shares of CAF stock traded up $0.19 during mid-day trading on Friday, hitting $20.14. The company’s stock had a trading volume of 37,651 shares, compared to its average volume of 55,063. Morgan Stanley China A Share Fund has a 52-week low of $12.91 and a 52-week high of $20.57. The business has a 50-day moving average price of $18.38 and a 200 day moving average price of $17.79.

Morgan Stanley China A Share Fund Company Profile

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.