Morgan Stanley China A Share Fund, Inc. (NYSE:CAF – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 14,431 shares, an increase of 171.8% from the April 30th total of 5,310 shares. Based on an average daily volume of 64,601 shares, the days-to-cover ratio is presently 0.2 days.
Morgan Stanley China A Share Fund Stock Performance
Shares of CAF opened at $20.14 on Monday. Morgan Stanley China A Share Fund has a fifty-two week low of $12.91 and a fifty-two week high of $20.57. The firm’s 50-day simple moving average is $18.38 and its two-hundred day simple moving average is $17.79.
Institutional Investors Weigh In On Morgan Stanley China A Share Fund
A number of institutional investors have recently made changes to their positions in CAF. Fifth Third Bancorp purchased a new stake in shares of Morgan Stanley China A Share Fund during the first quarter valued at approximately $39,000. Acuitas Investments LLC purchased a new stake in shares of Morgan Stanley China A Share Fund during the third quarter valued at approximately $81,000. Osaic Holdings Inc. grew its holdings in shares of Morgan Stanley China A Share Fund by 39.6% during the second 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 last quarter. Cresset Asset Management LLC grew its holdings in shares of Morgan Stanley China A Share Fund by 10.4% during the second 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 during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of Morgan Stanley China A Share Fund by 17.7% during the third 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 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.
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