Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 10,432 shares, a drop of 47.4% from the June 30th total of 19,831 shares. Based on an average daily volume of 18,787 shares, the short-interest ratio is currently 0.6 days.
Institutional Trading of Morgan Stanley China A Share Fund
A number of institutional investors have recently bought and sold shares of CAF. Lazard Asset Management LLC raised its holdings in Morgan Stanley China A Share Fund by 2.9% in 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 purchasing an additional 66,471 shares during the period. Allspring Global Investments Holdings LLC grew 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 buying an additional 172,697 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Morgan Stanley China A Share Fund by 11.5% in the 4th 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 buying an additional 77,944 shares in the last quarter. Saba Capital Management L.P. increased its position in shares of 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 valued at $11,023,000 after buying an additional 359,942 shares in the last quarter. Finally, Sculptor Capital LP bought a new stake in shares of Morgan Stanley China A Share Fund in the 1st quarter valued at $1,834,000.
Morgan Stanley China A Share Fund Trading Down 0.7%
CAF traded down $0.14 during midday trading on Wednesday, hitting $19.41. The company had a trading volume of 5,427 shares, compared to its average volume of 45,624. Morgan Stanley China A Share Fund has a twelve month low of $13.71 and a twelve month high of $21.41. The firm’s 50-day simple moving average is $20.11 and its 200-day simple moving average is $18.79.
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.
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