News coverage about China Fund (NYSE:CHN) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. China Fund earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 45.0814679877725 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NYSE:CHN traded up $0.18 during trading on Thursday, reaching $22.14. 9,291 shares of the company’s stock were exchanged, compared to its average volume of 30,756. China Fund has a fifty-two week low of $16.54 and a fifty-two week high of $24.76. The company has a market capitalization of $359.11, a P/E ratio of 4.43 and a beta of 1.03.
In other China Fund news, major shareholder City Of London Investment Grou purchased 1,900 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were purchased at an average price of $22.46 per share, for a total transaction of $42,674.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 133,104 shares of company stock worth $2,976,103 in the last quarter.
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The China Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is the People’s Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive over 50% of their revenues from goods and services sold or produced, or have approximately 50% of their assets, in China, and constituting direct equity investments in companies organized in China.
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