Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Stock Short Interest Jumps 168.9%

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 18,341 shares, a growth of 168.9% from the September 15th total of 6,820 shares. Based on an average daily volume of 10,615 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On Morgan Stanley China A Share Fund

A number of hedge funds have recently added to or reduced their stakes in CAF. Fifth Third Bancorp acquired a new stake in shares of Morgan Stanley China A Share Fund during the 1st quarter worth approximately $39,000. Royal Bank of Canada boosted its position in Morgan Stanley China A Share Fund by 10.7% in the first 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 in the last quarter. Readystate Asset Management LP acquired a new stake in shares of Morgan Stanley China A Share Fund during the 2nd quarter valued at $455,000. Sculptor Capital LP bought a new stake in shares of Morgan Stanley China A Share Fund during the first quarter worth about $1,834,000. Finally, Allspring Global Investments Holdings LLC increased 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 valued at $32,335,000 after acquiring an additional 172,697 shares during the period.

Morgan Stanley China A Share Fund Trading Up 0.1%

Shares of NYSE CAF traded up $0.01 during trading hours on Monday, hitting $17.21. The company had a trading volume of 4,894 shares, compared to its average volume of 36,729. Morgan Stanley China A Share Fund has a 1-year low of $15.60 and a 1-year high of $21.41. The firm’s 50 day moving average is $18.67 and its 200-day moving average is $19.05.

Morgan Stanley China A Share Fund Company Profile

Morgan Stanley China A Share Fund, Inc (NYSE: CAF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in the equity securities of companies based in, or deriving a significant portion of their business from, the People’s Republic of China.

The fund focuses on China A-shares, which are shares of companies listed on mainland Chinese stock exchanges, including the Shanghai and Shenzhen exchanges. Its portfolio may provide exposure to a range of industries and sectors within China’s economy, with investments selected through fundamental research and portfolio management conducted by Morgan Stanley Investment Management.

The fund was established to give investors access to China’s domestic equity markets, which have historically been subject to regulatory, currency, political and market risks distinct from those of developed markets.