Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 7,186 shares, a decrease of 50.2% from the May 14th total of 14,431 shares. Based on an average daily trading volume, of 36,451 shares, the short-interest ratio is presently 0.2 days.
Morgan Stanley China A Share Fund Price Performance
NYSE CAF opened at $19.49 on Friday. Morgan Stanley China A Share Fund has a 52-week low of $13.25 and a 52-week high of $20.57. The business’s 50-day moving average price is $18.87 and its 200 day moving average price is $18.02.
Institutional Investors Weigh In On Morgan Stanley China A Share Fund
Large investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in Morgan Stanley China A Share Fund during the 1st quarter worth $39,000. Acuitas Investments LLC purchased a new position in Morgan Stanley China A Share Fund during the third quarter worth about $81,000. Osaic Holdings Inc. lifted its position in Morgan Stanley China A Share Fund by 39.6% in the second 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 period. Cresset Asset Management LLC boosted its holdings in Morgan Stanley China A Share Fund by 10.4% in the 2nd quarter. Cresset Asset Management LLC now owns 11,040 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in Morgan Stanley China A Share Fund by 17.7% during the 3rd quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock worth $233,000 after purchasing 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.
Further Reading
- Five stocks we like better than Morgan Stanley China A Share Fund
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Morgan Stanley China A Share Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley China A Share Fund and related companies with MarketBeat.com's FREE daily email newsletter.
