The China Fund (NYSE:CHN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of The China Fund, Inc. (NYSE:CHN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.32 and traded as high as $18.22. The China Fund shares last traded at $18.2710, with a volume of 343,740 shares trading hands.

The China Fund Price Performance

The business’s 50-day moving average price is $18.23 and its 200 day moving average price is $16.32.

Hedge Funds Weigh In On The China Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC raised its stake in The China Fund by 97.4% in the first quarter. Wolverine Asset Management LLC now owns 132,338 shares of the investment management company’s stock valued at $1,699,000 after buying an additional 65,295 shares during the period. Matisse Capital boosted its stake in shares of The China Fund by 131.6% during the 2nd quarter. Matisse Capital now owns 243,000 shares of the investment management company’s stock worth $3,618,000 after acquiring an additional 138,095 shares during the period. City of London Investment Management Co. Ltd. increased its holdings in shares of The China Fund by 5.6% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,590,288 shares of the investment management company’s stock worth $53,459,000 after acquiring an additional 191,958 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of The China Fund by 50,480.6% during the 1st quarter. Jones Financial Companies Lllp now owns 85,987 shares of the investment management company’s stock worth $1,104,000 after acquiring an additional 85,817 shares during the last quarter. Finally, Plan Group Financial LLC bought a new stake in The China Fund in the 1st quarter valued at $137,000.

The China Fund Company Profile

The China Fund, Inc is a closed ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. It invests in the public equity markets of China that includes the People's Republic of China, Hong Kong, and Taiwan. The fund invests in stocks of companies operating across diversified sectors.