Morgan Stanley China A Share Fund (NYSE:CAF) Shares Cross Above 50 Day Moving Average – Here’s Why

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $19.34 and traded as high as $20.36. Morgan Stanley China A Share Fund shares last traded at $20.22, with a volume of 24,855 shares.

Morgan Stanley China A Share Fund Stock Up 0.6%

The company has a 50 day simple moving average of $19.34 and a two-hundred day simple moving average of $18.26.

Hedge Funds Weigh In On Morgan Stanley China A Share Fund

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Morgan Stanley China A Share Fund in the 1st quarter worth approximately $39,000. Acuitas Investments LLC purchased a new stake in shares of Morgan Stanley China A Share Fund during the 3rd quarter worth approximately $81,000. Osaic Holdings Inc. boosted its position in shares of 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 acquiring an additional 2,658 shares during the last quarter. Cresset Asset Management LLC boosted its position in shares of Morgan Stanley China A Share Fund by 10.4% during the 2nd 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 last quarter. Finally, Susquehanna International Group LLP grew its holdings 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 valued at $233,000 after purchasing an additional 2,105 shares in the last quarter.

Morgan Stanley China A Share Fund Company Profile

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.