The China Fund, Inc. (NYSE:CHN) Short Interest Update

The China Fund, Inc. (NYSE:CHNGet Rating) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 15,300 shares, a growth of 27.5% from the April 15th total of 12,000 shares. Based on an average daily volume of 31,900 shares, the short-interest ratio is presently 0.5 days.

Hedge funds have recently modified their holdings of the company. UBS Group AG grew its stake in shares of The China Fund by 25.6% during the third quarter. UBS Group AG now owns 3,923 shares of the investment management company’s stock worth $99,000 after acquiring an additional 800 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of The China Fund during the fourth quarter worth about $243,000. Stifel Financial Corp grew its stake in shares of The China Fund by 9.2% during the fourth quarter. Stifel Financial Corp now owns 14,394 shares of the investment management company’s stock worth $263,000 after acquiring an additional 1,207 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of The China Fund during the fourth quarter worth about $294,000. Finally, Segantii Capital Management Ltd purchased a new stake in shares of The China Fund during the fourth quarter worth about $474,000.

CHN traded down $0.32 on Wednesday, hitting $12.67. The company had a trading volume of 12,573 shares, compared to its average volume of 31,884. The stock has a fifty day moving average price of $13.93 and a 200-day moving average price of $18.62. The China Fund has a 12-month low of $12.00 and a 12-month high of $31.05.

About The China Fund (Get Rating)

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.

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