Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 10,432 shares, a decrease of 47.4% from the June 30th total of 19,831 shares. Based on an average trading volume of 18,787 shares, the short-interest ratio is currently 0.6 days.
Morgan Stanley China A Share Fund Stock Performance
NYSE CAF traded down $0.14 on Wednesday, reaching $19.41. The stock had a trading volume of 5,427 shares, compared to its average volume of 45,624. The business has a 50 day moving average price of $20.11 and a 200 day moving average price of $18.79. Morgan Stanley China A Share Fund has a 1 year low of $13.71 and a 1 year high of $21.41.
Institutional Investors Weigh In On Morgan Stanley China A Share Fund
Hedge funds have recently bought and sold shares of the company. Cresset Asset Management LLC boosted its position in shares of Morgan Stanley China A Share Fund by 10.4% in the second quarter. Cresset Asset Management LLC now owns 11,040 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 1,040 shares during the period. Osaic Holdings Inc. raised its stake in 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 purchasing an additional 2,658 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Morgan Stanley China A Share Fund by 0.4% during the third 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. Public Employees Retirement System of Ohio grew its position in Morgan Stanley China A Share Fund by 1.9% during 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 buying an additional 12,663 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Morgan Stanley China A Share Fund by 17.7% during the third quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock valued at $233,000 after acquiring an additional 2,105 shares during the period.
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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