Morgan Stanley China A Share Fund (NYSE:CAF) Stock Passes Below Fifty Day Moving Average of $12.29

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.29 and traded as low as $12.03. Morgan Stanley China A Share Fund shares last traded at $12.05, with a volume of 6,801 shares changing hands.

Morgan Stanley China A Share Fund Stock Performance

The company’s 50 day moving average price is $12.29 and its 200 day moving average price is $12.24.

Hedge Funds Weigh In On Morgan Stanley China A Share Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. City of London Investment Management Co. Ltd. boosted its stake in Morgan Stanley China A Share Fund by 7.9% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 7,353,535 shares of the investment management company’s stock valued at $93,684,000 after acquiring an additional 538,787 shares during the last quarter. Karpus Management Inc. boosted its stake in Morgan Stanley China A Share Fund by 8.5% in the fourth quarter. Karpus Management Inc. now owns 622,085 shares of the investment management company’s stock valued at $7,925,000 after acquiring an additional 48,879 shares during the last quarter. Matisse Capital bought a new position in Morgan Stanley China A Share Fund in the fourth quarter valued at approximately $538,000. Quantedge Capital Pte Ltd boosted its stake in Morgan Stanley China A Share Fund by 29.6% in the third quarter. Quantedge Capital Pte Ltd now owns 35,879 shares of the investment management company’s stock valued at $447,000 after acquiring an additional 8,200 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Morgan Stanley China A Share Fund by 74.7% in the third quarter. Wolverine Asset Management LLC now owns 32,097 shares of the investment management company’s stock valued at $400,000 after acquiring an additional 13,724 shares during the last quarter.

About Morgan Stanley China A Share Fund

Morgan Stanley China A Share Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc It is co-managed by Morgan Stanley Investment Management Company. The fund invests in the public equity markets of China. It seeks to invest in the stocks of companies operating across diversified sectors.