Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Sees Large Increase in Short Interest
by Kim Johansen · The Markets DailyMorgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 18,341 shares, an increase of 168.9% from the September 15th total of 6,820 shares. Based on an average daily volume of 10,615 shares, the short-interest ratio is currently 1.7 days.
Morgan Stanley China A Share Fund Trading Down 1.9%
CAF stock traded down $0.33 during trading on Wednesday, hitting $16.97. The company had a trading volume of 8,751 shares, compared to its average volume of 36,413. Morgan Stanley China A Share Fund has a 52-week low of $15.60 and a 52-week high of $21.41. The company has a 50 day simple moving average of $18.60 and a 200-day simple moving average of $19.05.
Institutional Trading of Morgan Stanley China A Share Fund
A number of hedge funds have recently added to or reduced their stakes in the business. Readystate Asset Management LP bought a new position in shares of Morgan Stanley China A Share Fund during the second quarter valued at approximately $455,000. Public Employees Retirement System of Ohio purchased a new stake in Morgan Stanley China A Share Fund during the second quarter worth $7,488,000. Royal Bank of Canada lifted its holdings in Morgan Stanley China A Share Fund by 10.7% during the first 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 period. Sculptor Capital LP purchased a new stake in Morgan Stanley China A Share Fund during the first quarter worth $1,834,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Morgan Stanley China A Share Fund by 10.3% during 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 acquiring an additional 172,697 shares in the last quarter.
Morgan Stanley China A Share Fund Company Profile
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.