Morgan Stanley China A Share Fund (NYSE:CAF) Shares Pass Above 50-Day Moving Average – What’s Next?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.32 and traded as high as $18.67. Morgan Stanley China A Share Fund shares last traded at $18.55, with a volume of 45,258 shares traded.

Morgan Stanley China A Share Fund Trading Down 1.0%

The firm has a 50-day moving average of $17.37 and a two-hundred day moving average of $16.24.

Morgan Stanley China A Share Fund Cuts Dividend

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

Institutional Trading of Morgan Stanley China A Share Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CAF. City of London Investment Management Co. Ltd. boosted its holdings in shares of Morgan Stanley China A Share Fund by 6.5% during 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 acquiring an additional 364,709 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Morgan Stanley China A Share Fund by 1.9% during the third quarter. Public Employees Retirement System of Ohio now owns 677,968 shares of the investment management company’s stock valued at $11,288,000 after purchasing an additional 12,663 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of Morgan Stanley China A Share Fund by 109.0% during the third quarter. Cresset Asset Management LLC now owns 23,071 shares of the investment management company’s stock valued at $384,000 after purchasing an additional 12,031 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Morgan Stanley China A Share Fund by 0.4% during the third quarter. Lazard Asset Management LLC now owns 2,303,525 shares of the investment management company’s stock worth $38,354,000 after purchasing an additional 9,909 shares during the last quarter. Finally, Acuitas Investments LLC acquired a new position in shares of Morgan Stanley China A Share Fund in the third quarter valued at approximately $81,000.

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.