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

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 volume of 34,400 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On The China Fund

Several institutional investors and hedge funds have recently modified their holdings of CHN. Vista Investment Management grew its stake in The China Fund by 5.7% in the fourth quarter. Vista Investment Management now owns 27,850 shares of the investment management company’s stock valued at $332,000 after purchasing an additional 1,500 shares in the last quarter. 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 valued at $822,000 after buying an additional 5,194 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of The China Fund in the 4th quarter valued at approximately $299,000. Cohen & Steers Inc. acquired a new position in The China Fund in the fourth quarter worth approximately $306,000. Finally, Wolverine Asset Management LLC acquired a new position in The China Fund in the fourth quarter worth approximately $800,000.

The China Fund Stock Down 2.0 %

The China Fund stock traded down $0.27 during trading hours on Friday, hitting $12.97. The company had a trading volume of 16,089 shares, compared to its average volume of 32,342. The China Fund has a fifty-two week low of $9.29 and a fifty-two week high of $14.74. The firm’s fifty day moving average is $12.74 and its 200-day moving average is $12.24.

The China Fund Company Profile

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.