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

The China Fund, Inc. (NYSE:CHN) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 7,300 shares, an increase of 25.9% from the August 15th total of 5,800 shares. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is presently 0.1 days.

The China Fund Trading Up 1.7%

CHN opened at $18.36 on Thursday. The stock has a fifty day simple moving average of $16.44 and a two-hundred day simple moving average of $14.09. The China Fund has a 12-month low of $9.60 and a 12-month high of $18.46.

Hedge Funds Weigh In On The China Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in shares of The China Fund by 9.7% during the first quarter. Farther Finance Advisors LLC now owns 27,525 shares of the investment management company’s stock valued at $352,000 after acquiring an additional 2,433 shares in the last quarter. Plan Group Financial LLC purchased a new position in shares of The China Fund during the 1st quarter valued at about $137,000. Calamos Advisors LLC purchased a new position in shares of The China Fund during the 1st quarter valued at about $182,000. Strs Ohio purchased a new position in shares of The China Fund during the 1st quarter valued at about $183,000. Finally, Shaker Financial Services LLC lifted its position in shares of The China Fund by 93.7% during the 2nd quarter. Shaker Financial Services LLC now owns 132,112 shares of the investment management company’s stock valued at $1,967,000 after buying an additional 63,920 shares in the last quarter.

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.