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

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,413 shares, a decline of 64.8% from the July 30th total of 9,707 shares. Based on an average daily trading volume, of 13,327 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Morgan Stanley China A Share Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its holdings in shares of Morgan Stanley China A Share Fund by 2.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,369,996 shares of the investment management company’s stock worth $41,143,000 after buying an additional 66,471 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Morgan Stanley China A Share Fund by 10.3% in 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. Public Employees Retirement System of Ohio grew its stake in shares of Morgan Stanley China A Share Fund by 11.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 755,912 shares of the investment management company’s stock worth $13,123,000 after acquiring an additional 77,944 shares during the last quarter. Saba Capital Management L.P. grew its stake in shares of Morgan Stanley China A Share Fund by 130.9% in the fourth quarter. Saba Capital Management L.P. now owns 634,953 shares of the investment management company’s stock worth $11,023,000 after acquiring an additional 359,942 shares during the last quarter. Finally, Sculptor Capital LP bought a new position in Morgan Stanley China A Share Fund during the first quarter worth $1,834,000.

Morgan Stanley China A Share Fund Price Performance

Shares of NYSE CAF traded down $0.02 during trading hours on Friday, hitting $19.03. 8,040 shares of the stock were exchanged, compared to its average volume of 41,595. The company’s 50 day moving average is $19.89 and its 200 day moving average is $18.96. Morgan Stanley China A Share Fund has a one year low of $14.90 and a one year high of $21.41.

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.