Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Short Interest Down 50.2% in May

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 7,186 shares, a decrease of 50.2% from the May 14th total of 14,431 shares. Based on an average daily trading volume, of 36,451 shares, the days-to-cover ratio is presently 0.2 days.

Morgan Stanley China A Share Fund Stock Performance

Shares of CAF stock traded up $0.33 during trading on Monday, reaching $19.82. 4,131 shares of the company’s stock traded hands, compared to its average volume of 51,842. The firm’s 50-day moving average is $18.92 and its 200 day moving average is $18.06. Morgan Stanley China A Share Fund has a 1 year low of $13.25 and a 1 year high of $20.57.

Institutional Trading of Morgan Stanley China A Share Fund

A number of institutional investors have recently modified their holdings of CAF. Saba Capital Management L.P. lifted its stake in shares of Morgan Stanley China A Share Fund by 130.9% during the 4th quarter. Saba Capital Management L.P. now owns 634,953 shares of the investment management company’s stock valued at $11,023,000 after buying an additional 359,942 shares in the last quarter. City of London Investment Management Co. Ltd. increased its holdings in Morgan Stanley China A Share Fund by 3.3% during 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 acquiring an additional 197,503 shares during the period. Allspring Global Investments Holdings LLC increased its holdings 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 worth $32,335,000 after acquiring an additional 172,697 shares during the period. Sculptor Capital LP bought a new stake in Morgan Stanley China A Share Fund during the 1st quarter worth approximately $1,834,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Morgan Stanley China A Share Fund by 11.5% during the 4th 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 during the period.

Morgan Stanley China A Share Fund Company Profile

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.