The China Fund (NYSE:CHN) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of The China Fund, Inc. (NYSE:CHN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.58 and traded as high as $18.89. The China Fund shares last traded at $18.69, with a volume of 37,149 shares changing hands.

The China Fund Trading Down 0.7%

The stock’s fifty day simple moving average is $17.23 and its 200 day simple moving average is $14.58.

Hedge Funds Weigh In On The China Fund

A number of hedge funds have recently modified their holdings of the company. City of London Investment Management Co. Ltd. boosted its position in shares of The China Fund by 5.6% in the second 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 purchasing an additional 191,958 shares during the period. Matisse Capital boosted its position in shares of The China Fund by 131.6% in the second quarter. Matisse Capital now owns 243,000 shares of the investment management company’s stock worth $3,618,000 after purchasing an additional 138,095 shares during the period. Wolverine Asset Management LLC boosted its position in shares of 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 worth $1,699,000 after purchasing an additional 65,295 shares during the period. Shaker Financial Services LLC boosted its position in shares of The China Fund by 93.7% in the second quarter. Shaker Financial Services LLC now owns 132,112 shares of the investment management company’s stock worth $1,967,000 after purchasing an additional 63,920 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of The China Fund by 50,480.6% in the first quarter. Jones Financial Companies Lllp now owns 85,987 shares of the investment management company’s stock worth $1,104,000 after purchasing an additional 85,817 shares during the period.

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.