Morgan Stanley China A Share Fund (NYSE:CAF) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.08 and traded as high as $19.85. Morgan Stanley China A Share Fund shares last traded at $19.75, with a volume of 23,234 shares trading hands.

Morgan Stanley China A Share Fund Stock Performance

The firm has a fifty day moving average price of $18.16 and a two-hundred day moving average price of $17.67.

Hedge Funds Weigh In On Morgan Stanley China A Share Fund

A number of institutional investors have recently bought and sold shares of CAF. Saba Capital Management L.P. raised its holdings in Morgan Stanley China A Share Fund by 130.9% in the 4th quarter. Saba Capital Management L.P. now owns 634,953 shares of the investment management company’s stock worth $11,023,000 after purchasing an additional 359,942 shares during the period. City of London Investment Management Co. Ltd. raised its holdings in Morgan Stanley China A Share Fund by 3.3% during the third 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 acquiring an additional 197,503 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Morgan Stanley China A Share Fund by 10.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,847,716 shares of the investment management company’s stock valued at $32,335,000 after acquiring an additional 172,697 shares during the period. Sculptor Capital LP bought a new stake in Morgan Stanley China A Share Fund during the first quarter valued at about $1,834,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Morgan Stanley China A Share Fund by 11.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 755,912 shares of the investment management company’s stock valued at $13,123,000 after acquiring an additional 77,944 shares during the period.

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.