Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 5,310 shares, a decline of 69.9% from the April 15th total of 17,623 shares. Based on an average daily trading volume, of 44,445 shares, the short-interest ratio is currently 0.1 days.
Morgan Stanley China A Share Fund Price Performance
Morgan Stanley China A Share Fund stock opened at $19.99 on Wednesday. Morgan Stanley China A Share Fund has a 52 week low of $12.85 and a 52 week high of $20.57. The stock has a fifty day moving average of $17.85 and a 200-day moving average of $17.52.
Hedge Funds Weigh In On Morgan Stanley China A Share Fund
A number of institutional investors and hedge funds have recently bought and sold shares of CAF. Cresset Asset Management LLC increased 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 worth $152,000 after purchasing an additional 1,040 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Morgan Stanley China A Share Fund by 39.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock worth $129,000 after purchasing an additional 2,658 shares in the last quarter. Acuitas Investments LLC acquired a new position in Morgan Stanley China A Share Fund in the 3rd quarter worth about $81,000. Lazard Asset Management LLC increased its holdings in Morgan Stanley China A Share Fund by 0.4% in the 3rd quarter. Lazard Asset Management LLC now owns 2,303,525 shares of the investment management company’s stock worth $38,354,000 after purchasing an additional 9,909 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. increased its holdings in Morgan Stanley China A Share Fund by 3.3% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 6,147,824 shares of the investment management company’s stock worth $102,361,000 after purchasing an additional 197,503 shares in the last quarter.
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.
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