The China Fund, Inc. (NYSE:CHN) Short Interest Down 64.9% in March

The China Fund, Inc. (NYSE:CHN) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 4,000 shares, a drop of 64.9% from the February 28th total of 11,400 shares. Based on an average daily trading volume, of 34,400 shares, the short-interest ratio is currently 0.1 days.

The China Fund Price Performance

Shares of CHN stock traded down $0.27 on Friday, hitting $12.97. The stock had a trading volume of 16,089 shares, compared to its average volume of 32,342. The company’s 50 day moving average price is $12.74 and its 200-day moving average price is $12.26. The China Fund has a 1 year low of $9.29 and a 1 year high of $14.74.

Institutional Trading of The China Fund

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of The China Fund during the third quarter worth about $5,812,000. Shaker Financial Services LLC boosted its stake in The China Fund by 8.3% in the fourth quarter. Shaker Financial Services LLC now owns 68,086 shares of the investment management company’s stock valued at $822,000 after acquiring an additional 5,194 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of The China Fund during the fourth quarter worth about $800,000. Vista Investment Management increased its holdings in shares of The China Fund by 5.7% in the 4th quarter. Vista Investment Management now owns 27,850 shares of the investment management company’s stock valued at $332,000 after acquiring an additional 1,500 shares during the period. Finally, Cohen & Steers Inc. purchased a new stake in The China Fund in the 4th quarter valued at $306,000.

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.