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

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 12,215 shares, an increase of 70.0% from the May 31st total of 7,186 shares. Based on an average trading volume of 22,024 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Morgan Stanley China A Share Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC increased its position in shares of Morgan Stanley China A Share Fund by 10.4% in the second quarter. Cresset Asset Management LLC now owns 11,040 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 1,040 shares during the period. Susquehanna International Group LLP grew its stake in shares of Morgan Stanley China A Share Fund by 17.7% in the third quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock worth $233,000 after purchasing an additional 2,105 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Morgan Stanley China A Share Fund in the first quarter worth about $39,000. Osaic Holdings Inc. increased its holdings in Morgan Stanley China A Share Fund by 39.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,368 shares of the investment management company’s stock valued at $129,000 after purchasing an additional 2,658 shares during the period. Finally, Royal Bank of Canada raised its position in Morgan Stanley China A Share Fund by 10.7% during the 1st quarter. Royal Bank of Canada now owns 27,462 shares of the investment management company’s stock valued at $481,000 after purchasing an additional 2,660 shares during the last quarter.

Morgan Stanley China A Share Fund Trading Down 3.3%

Shares of CAF stock opened at $20.64 on Friday. Morgan Stanley China A Share Fund has a fifty-two week low of $13.61 and a fifty-two week high of $21.41. The stock has a 50 day moving average price of $19.67 and a two-hundred day moving average price of $18.42.

About Morgan Stanley China A Share Fund

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.