The China Fund (NYSE:CHN) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of The China Fund, Inc. (NYSE:CHN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.64 and traded as high as $12.61. The China Fund shares last traded at $12.53, with a volume of 39,863 shares traded.

The China Fund Price Performance

The company’s fifty day moving average is $11.21 and its 200-day moving average is $10.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC purchased a new position in shares of The China Fund during the 2nd quarter valued at $390,000. Shaker Financial Services LLC lifted its stake in shares of The China Fund by 45.4% during the 2nd quarter. Shaker Financial Services LLC now owns 75,695 shares of the investment management company’s stock valued at $766,000 after buying an additional 23,626 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of The China Fund by 0.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,030,382 shares of the investment management company’s stock valued at $10,427,000 after buying an additional 7,307 shares in the last quarter.

About The China Fund

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.