Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Sees Significant Decrease in Short Interest


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Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 18,800 shares, a drop of 16.8% from the March 31st total of 22,600 shares. Based on an average daily volume of 41,700 shares, the short-interest ratio is currently 0.5 days.

Shares of NYSE CAF traded down $0.23 during midday trading on Tuesday, reaching $22.51. The company’s stock had a trading volume of 71,500 shares, compared to its average volume of 45,170. Morgan Stanley China A Share Fund has a one year low of $17.59 and a one year high of $24.50. The company has a 50 day moving average price of $22.61 and a 200 day moving average price of $22.54.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in shares of Morgan Stanley China A Share Fund by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,560,240 shares of the investment management company’s stock worth $78,859,000 after acquiring an additional 501,502 shares in the last quarter. Quantedge Capital Pte Ltd acquired a new stake in Morgan Stanley China A Share Fund during the 4th quarter worth about $2,116,000. Proficio Capital Partners LLC lifted its stake in Morgan Stanley China A Share Fund by 16.6% during the fourth quarter. Proficio Capital Partners LLC now owns 103,748 shares of the investment management company’s stock valued at $2,298,000 after buying an additional 14,781 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Morgan Stanley China A Share Fund by 9.2% in the third quarter. Morgan Stanley now owns 133,092 shares of the investment management company’s stock worth $2,811,000 after buying an additional 11,265 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Morgan Stanley China A Share Fund by 32.2% in the first quarter. First Trust Advisors LP now owns 45,605 shares of the investment management company’s stock worth $1,064,000 after acquiring an additional 11,113 shares in the last quarter.

About Morgan Stanley China A Share Fund

Morgan Stanley China A Share Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc It is co-managed by Morgan Stanley Investment Management Company. The fund invests in the public equity markets of China. It seeks to invest in the stocks of companies operating across diversified sectors.

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