Morgan Stanley China A Share Fund (NYSE:CAF) Shares Cross Above 50 Day Moving Average – Here’s Why

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.33 and traded as high as $20.11. Morgan Stanley China A Share Fund shares last traded at $19.96, with a volume of 38,024 shares changing hands.

Morgan Stanley China A Share Fund Price Performance

The stock has a 50-day moving average of $18.33 and a 200 day moving average of $17.77.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Several hedge funds have recently bought and sold shares of CAF. City of London Investment Management Co. Ltd. boosted its position in Morgan Stanley China A Share Fund by 3.3% in 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 purchasing an additional 197,503 shares in the last quarter. Lazard Asset Management LLC boosted its position in Morgan Stanley China A Share Fund by 2.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,369,996 shares of the investment management company’s stock worth $41,143,000 after purchasing an additional 66,471 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Morgan Stanley China A Share Fund by 10.3% in 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 purchasing an additional 172,697 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Morgan Stanley China A Share Fund by 11.5% in 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 purchasing an additional 77,944 shares in the last quarter. Finally, Saba Capital Management L.P. boosted its position in Morgan Stanley China A Share Fund by 130.9% in the 4th quarter. Saba Capital Management L.P. now owns 634,953 shares of the investment management company’s stock worth $11,023,000 after purchasing an additional 359,942 shares in the last quarter.

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.