Short Interest in Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Expands By 101.4%

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) was the recipient of a significant growth in short interest during 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 trading volume, of 17,063 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Morgan Stanley China A Share Fund by 10.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,847,716 shares of the investment management company’s stock valued at $32,335,000 after purchasing an additional 172,697 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Morgan Stanley China A Share Fund in the second quarter worth $7,488,000. Sculptor Capital LP acquired a new position in Morgan Stanley China A Share Fund in the 1st quarter valued at $1,834,000. Royal Bank of Canada grew its stake in Morgan Stanley China A Share Fund by 10.7% in the 1st quarter. Royal Bank of Canada now owns 27,462 shares of the investment management company’s stock valued at $481,000 after buying an additional 2,660 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in Morgan Stanley China A Share Fund in the 2nd quarter worth $455,000.

Morgan Stanley China A Share Fund Price Performance

Shares of NYSE:CAF traded down $0.09 on Monday, reaching $18.32. The company had a trading volume of 2,263 shares, compared to its average volume of 39,790. The stock has a 50-day moving average price of $19.48 and a 200 day moving average price of $19.01. Morgan Stanley China A Share Fund has a twelve month low of $15.60 and a twelve 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.