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

Shares of Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.08 and traded as high as $19.85. Morgan Stanley China A Share Fund shares last traded at $19.75, with a volume of 23,234 shares trading hands.

Morgan Stanley China A Share Fund Stock Up 1.9%

The company has a fifty day moving average price of $18.08 and a two-hundred day moving average price of $17.64.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Several large investors have recently modified their holdings of CAF. Fifth Third Bancorp acquired a new stake in shares of Morgan Stanley China A Share Fund in the first quarter valued at approximately $39,000. Acuitas Investments LLC acquired a new stake in shares of Morgan Stanley China A Share Fund in the third quarter valued at approximately $81,000. Osaic Holdings Inc. boosted its holdings in shares of 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 acquiring an additional 2,658 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Morgan Stanley China A Share Fund by 10.4% during the second 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 during the period. Finally, Susquehanna International Group LLP lifted its holdings in shares of Morgan Stanley China A Share Fund by 17.7% during the third 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.