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

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 500 shares, a drop of 92.2% from the November 30th total of 6,400 shares. Based on an average daily trading volume, of 76,300 shares, the days-to-cover ratio is currently 0.0 days.

Morgan Stanley China A Share Fund Price Performance

Shares of NYSE CAF traded down $0.13 during mid-day trading on Friday, reaching $12.52. The company’s stock had a trading volume of 59,139 shares, compared to its average volume of 51,689. Morgan Stanley China A Share Fund has a 1-year low of $11.00 and a 1-year high of $16.11. The stock has a 50-day moving average of $12.80 and a two-hundred day moving average of $12.27.

Morgan Stanley China A Share Fund Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.3272 per share. This represents a yield of 1%. The ex-dividend date is Friday, December 13th. This is a positive change from Morgan Stanley China A Share Fund’s previous annual dividend of $0.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC grew its position in shares of Morgan Stanley China A Share Fund by 8.0% in the 3rd quarter. HighTower Advisors LLC now owns 13,881 shares of the investment management company’s stock valued at $186,000 after buying an additional 1,031 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Morgan Stanley China A Share Fund by 6.8% during the third quarter. Shaker Financial Services LLC now owns 31,088 shares of the investment management company’s stock worth $421,000 after purchasing an additional 1,987 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Morgan Stanley China A Share Fund by 18.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 58,930 shares of the investment management company’s stock valued at $692,000 after purchasing an additional 9,165 shares during the last quarter. Matisse Capital raised its position in Morgan Stanley China A Share Fund by 39.9% in the 2nd quarter. Matisse Capital now owns 184,997 shares of the investment management company’s stock valued at $2,174,000 after purchasing an additional 52,750 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Morgan Stanley China A Share Fund in the third quarter valued at $9,304,000.

Morgan Stanley China A Share Fund Company Profile

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.