The China Fund, Inc. (NYSE:CHN) Sees Large Increase in Short Interest

The China Fund, Inc. (NYSE:CHN) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 8,300 shares, a growth of 36.1% from the January 31st total of 6,100 shares. Based on an average trading volume of 34,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of The China Fund

Several institutional investors and hedge funds have recently modified their holdings of CHN. Farther Finance Advisors LLC purchased a new position in shares of The China Fund during the fourth quarter worth about $299,000. Cohen & Steers Inc. purchased a new position in The China Fund in the 4th quarter worth approximately $306,000. 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 worth $332,000 after buying an additional 1,500 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of The China Fund during the 4th quarter valued at $800,000. Finally, Shaker Financial Services LLC lifted its holdings in shares of The China Fund by 8.3% during the 4th quarter. Shaker Financial Services LLC now owns 68,086 shares of the investment management company’s stock worth $822,000 after acquiring an additional 5,194 shares during the last quarter.

The China Fund Stock Performance

NYSE CHN traded up $0.52 on Wednesday, hitting $13.53. The stock had a trading volume of 67,802 shares, compared to its average volume of 32,169. The China Fund has a 52-week low of $9.29 and a 52-week high of $14.74. The firm has a 50-day moving average of $12.11 and a 200-day moving average of $11.83.

The China Fund Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, January 10th. Investors of record on Monday, December 30th were given a dividend of $0.1497 per share. This represents a yield of 0.2%. This is a boost from The China Fund’s previous annual dividend of $0.02. The ex-dividend date was Monday, December 30th.

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.