Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Sees Large Decrease in Short Interest

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,413 shares, a drop of 64.8% from the July 30th total of 9,707 shares. Based on an average daily trading volume, of 13,327 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Morgan Stanley China A Share Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Turim 21 Investimentos Ltda. bought a new position in Morgan Stanley China A Share Fund in the second quarter worth $112,000. Fifth Third Bancorp bought a new stake in Morgan Stanley China A Share Fund in the 1st quarter valued at $39,000. 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 valued at $129,000 after buying an additional 2,658 shares during the period. Cresset Asset Management LLC raised its stake in shares of 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 valued at $152,000 after buying an additional 1,040 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Morgan Stanley China A Share Fund by 17.7% in the 3rd quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock valued at $233,000 after buying an additional 2,105 shares in the last quarter.

Morgan Stanley China A Share Fund Trading Down 0.1%

CAF traded down $0.02 on Friday, hitting $19.03. 8,040 shares of the stock traded hands, compared to its average volume of 41,595. The business has a fifty day moving average price of $19.89 and a two-hundred day moving average price of $18.96. Morgan Stanley China A Share Fund has a 52 week low of $14.90 and a 52 week high of $21.41.

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.