Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 18,341 shares, a growth of 168.9% from the September 15th total of 6,820 shares. Based on an average daily trading volume, of 10,615 shares, the days-to-cover ratio is currently 1.7 days.
Morgan Stanley China A Share Fund Trading Up 0.5%
Shares of CAF stock traded up $0.08 during trading hours on Tuesday, hitting $17.30. 2,630 shares of the company were exchanged, compared to its average volume of 36,555. Morgan Stanley China A Share Fund has a 1 year low of $15.60 and a 1 year high of $21.41. The firm has a fifty day moving average of $18.60 and a 200 day moving average of $19.05.
Hedge Funds Weigh In On Morgan Stanley China A Share Fund
Several institutional investors and hedge funds have recently bought and sold shares of CAF. Allspring Global Investments Holdings LLC boosted its holdings in shares of Morgan Stanley China A Share Fund by 10.3% in the 1st 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 purchasing an additional 172,697 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Morgan Stanley China A Share Fund during the 2nd quarter valued at $7,488,000. Sculptor Capital LP acquired a new stake in shares of Morgan Stanley China A Share Fund during the 1st quarter worth $1,834,000. Royal Bank of Canada increased its holdings in shares of Morgan Stanley China A Share Fund by 10.7% during the 1st quarter. Royal Bank of Canada now owns 27,462 shares of the investment management company’s stock worth $481,000 after buying an additional 2,660 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new position in shares of Morgan Stanley China A Share Fund in the 2nd quarter worth $455,000.
About Morgan Stanley China A Share Fund
Morgan Stanley China A Share Fund, Inc (NYSE: CAF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in the equity securities of companies based in, or deriving a significant portion of their business from, the People’s Republic of China.
The fund focuses on China A-shares, which are shares of companies listed on mainland Chinese stock exchanges, including the Shanghai and Shenzhen exchanges. Its portfolio may provide exposure to a range of industries and sectors within China’s economy, with investments selected through fundamental research and portfolio management conducted by Morgan Stanley Investment Management.
The fund was established to give investors access to China’s domestic equity markets, which have historically been subject to regulatory, currency, political and market risks distinct from those of developed markets.
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