Morgan Stanley China A Share Fund (NYSE:CAF) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.58 and traded as high as $17.46. Morgan Stanley China A Share Fund shares last traded at $17.23, with a volume of 3,292 shares traded.

Morgan Stanley China A Share Fund Stock Up 2.7%

The stock has a fifty day moving average of $16.61 and a 200-day moving average of $15.48.

Morgan Stanley China A Share Fund Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 19th will be paid a $0.2629 dividend. This represents a dividend yield of 154.0%. The ex-dividend date is Friday, December 19th.

Institutional Trading of Morgan Stanley China A Share Fund

Several hedge funds have recently added to or reduced their stakes in CAF. City of London Investment Management Co. Ltd. raised its holdings in shares of Morgan Stanley China A Share Fund by 6.5% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 5,950,321 shares of the investment management company’s stock valued at $81,972,000 after purchasing an additional 364,709 shares in the last quarter. Strs Ohio purchased a new position in Morgan Stanley China A Share Fund in the first quarter valued at $312,000. Acuitas Investments LLC acquired a new stake in Morgan Stanley China A Share Fund in the third quarter valued at $81,000. Karpus Management Inc. lifted its holdings in Morgan Stanley China A Share Fund by 0.3% during the 2nd quarter. Karpus Management Inc. now owns 619,887 shares of the investment management company’s stock worth $8,540,000 after buying an additional 2,076 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of Morgan Stanley China A Share Fund by 17.7% during the 3rd quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock worth $233,000 after acquiring an additional 2,105 shares in 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.