Morgan Stanley China A Share Fund (NYSE:CAF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.60 and traded as high as $18.08. Morgan Stanley China A Share Fund shares last traded at $18.0650, with a volume of 10,453 shares changing hands.

Morgan Stanley China A Share Fund Stock Performance

The firm has a 50-day moving average price of $17.60 and a two-hundred day moving average price of $16.39.

Morgan Stanley China A Share Fund Cuts Dividend

The business also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 19th were paid a $0.2629 dividend. This represents a yield of 154.0%. The ex-dividend date was Friday, December 19th.

Institutional Trading of Morgan Stanley China A Share Fund

Large investors have recently modified their holdings of the company. Acuitas Investments LLC bought a new stake in Morgan Stanley China A Share Fund during the 3rd quarter valued at $81,000. Osaic Holdings Inc. increased its stake in shares of Morgan Stanley China A Share Fund by 39.6% during the second quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock valued at $129,000 after buying an additional 2,658 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Morgan Stanley China A Share Fund by 10.4% in the second quarter. Cresset Asset Management LLC now owns 11,040 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 1,040 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Morgan Stanley China A Share Fund by 17.7% in the third quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock worth $233,000 after acquiring an additional 2,105 shares during the period. Finally, Karpus Management Inc. lifted its stake in Morgan Stanley China A Share Fund by 0.3% in the second quarter. Karpus Management Inc. now owns 619,887 shares of the investment management company’s stock worth $8,540,000 after acquiring an additional 2,076 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.