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

Shares of Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $17.93 and traded as high as $18.37. Morgan Stanley China A Share Fund shares last traded at $18.08, with a volume of 99,928 shares traded.

Morgan Stanley China A Share Fund Price Performance

The business has a 50-day moving average of $17.93 and a 200 day moving average of $16.72.

Morgan Stanley China A Share Fund Cuts Dividend

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

Institutional Trading of Morgan Stanley China A Share Fund

Several hedge funds have recently bought and sold shares of the business. Saba Capital Management L.P. raised its holdings in Morgan Stanley China A Share Fund by 130.9% during the fourth quarter. Saba Capital Management L.P. now owns 634,953 shares of the investment management company’s stock worth $11,023,000 after buying an additional 359,942 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Morgan Stanley China A Share Fund by 2.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,369,996 shares of the investment management company’s stock valued at $41,143,000 after buying an additional 66,471 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Morgan Stanley China A Share Fund by 11.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 755,912 shares of the investment management company’s stock worth $13,123,000 after acquiring an additional 77,944 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Morgan Stanley China A Share Fund by 73.9% in the 4th quarter. Royal Bank of Canada now owns 24,802 shares of the investment management company’s stock worth $430,000 after acquiring an additional 10,543 shares during the last quarter. Finally, Cohen & Steers Inc. raised its holdings in shares of Morgan Stanley China A Share Fund by 67.6% in the 4th quarter. Cohen & Steers Inc. now owns 62,000 shares of the investment management company’s stock worth $1,076,000 after acquiring an additional 25,000 shares during 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.