Morgan Stanley China A Share Fund (NYSE:CAF) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.58 and traded as high as $17.46. Morgan Stanley China A Share Fund shares last traded at $17.23, with a volume of 3,292 shares.

Morgan Stanley China A Share Fund Price Performance

The firm’s 50-day moving average is $16.58 and its two-hundred day moving average is $15.46.

Morgan Stanley China A Share Fund Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 19th will be paid a dividend of $0.2629 per share. This represents a dividend yield of 154.0%. The ex-dividend date of this dividend is Friday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acuitas Investments LLC purchased a new position in shares of Morgan Stanley China A Share Fund during the third quarter valued at $81,000. Osaic Holdings Inc. increased its position in 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 purchasing an additional 2,658 shares during the period. Cresset Asset Management LLC bought a new stake in shares of Morgan Stanley China A Share Fund in the 1st quarter valued at about $131,000. Susquehanna International Group LLP lifted its position in shares of Morgan Stanley China A Share Fund by 17.7% in the 3rd quarter. Susquehanna International Group LLP now owns 13,966 shares of the investment management company’s stock worth $233,000 after purchasing an additional 2,105 shares during the period. Finally, Strs Ohio bought a new position in shares of Morgan Stanley China A Share Fund during the first quarter valued at approximately $312,000.

About Morgan Stanley China A Share Fund

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.