Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) Short Interest Update

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 7,186 shares, a drop of 50.2% from the May 14th total of 14,431 shares. Based on an average daily volume of 36,451 shares, the short-interest ratio is currently 0.2 days.

Morgan Stanley China A Share Fund Stock Up 1.9%

Shares of CAF traded up $0.37 during trading hours on Friday, reaching $19.49. 15,863 shares of the stock traded hands, compared to its average volume of 52,268. Morgan Stanley China A Share Fund has a 52 week low of $13.25 and a 52 week high of $20.57. The stock has a fifty day simple moving average of $18.87 and a 200 day simple moving average of $18.03.

Institutional Trading of Morgan Stanley China A Share Fund

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Morgan Stanley China A Share Fund by 10.7% during the first quarter. Royal Bank of Canada now owns 27,462 shares of the investment management company’s stock worth $481,000 after buying an additional 2,660 shares during the last quarter. Sculptor Capital LP purchased a new stake in Morgan Stanley China A Share Fund during the first quarter worth about $1,834,000. Allspring Global Investments Holdings LLC increased its holdings in Morgan Stanley China A Share Fund by 10.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,847,716 shares of the investment management company’s stock worth $32,335,000 after buying an additional 172,697 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Morgan Stanley China A Share Fund during the first quarter worth about $39,000. Finally, Saba Capital Management L.P. increased its holdings in Morgan Stanley China A Share Fund by 130.9% during the fourth quarter. Saba Capital Management L.P. now owns 634,953 shares of the investment management company’s stock worth $11,023,000 after buying an additional 359,942 shares during the last quarter.

Morgan Stanley China A Share Fund Company Profile

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.