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

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 6,875 shares, a growth of 101.4% from the August 15th total of 3,413 shares. Based on an average daily volume of 17,063 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in Morgan Stanley China A Share Fund during the first quarter valued at approximately $39,000. Readystate Asset Management LP bought a new position in shares of Morgan Stanley China A Share Fund in the second quarter worth approximately $455,000. Royal Bank of Canada boosted its position in shares of Morgan Stanley China A Share Fund by 10.7% in the first quarter. Royal Bank of Canada now owns 27,462 shares of the investment management company’s stock worth $481,000 after purchasing an additional 2,660 shares during the period. Sculptor Capital LP purchased a new stake in shares of Morgan Stanley China A Share Fund in the first quarter worth $1,834,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Morgan Stanley China A Share Fund in the second quarter worth $7,488,000.

Morgan Stanley China A Share Fund Stock Down 1.0%

Shares of NYSE CAF traded down $0.18 during trading on Tuesday, hitting $18.15. The company had a trading volume of 23,682 shares, compared to its average volume of 39,698. The stock has a 50 day simple moving average of $19.43 and a 200 day simple moving average of $19.01. Morgan Stanley China A Share Fund has a 12 month low of $15.60 and a 12 month high of $21.41.

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.