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

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.83 and traded as high as $18.03. Morgan Stanley China A Share Fund shares last traded at $17.98, with a volume of 7,340 shares changing hands.

Morgan Stanley China A Share Fund Trading Down 1.1%

The firm’s 50-day moving average is $17.83 and its 200 day moving average is $16.56.

Morgan Stanley China A Share Fund Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 19th were issued a dividend of $0.2629 per share. This represents a dividend yield of 154.0%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CAF. Cohen & Steers Inc. increased its stake in shares of Morgan Stanley China A Share Fund by 67.6% in the fourth quarter. Cohen & Steers Inc. now owns 62,000 shares of the investment management company’s stock valued at $1,076,000 after buying an additional 25,000 shares during the period. Marex Group plc acquired a new stake in Morgan Stanley China A Share Fund during the 4th quarter valued at approximately $694,000. Acuitas Investments LLC bought a new position in Morgan Stanley China A Share Fund during the 3rd quarter worth approximately $81,000. Susquehanna International Group LLP raised its holdings in Morgan Stanley China A Share Fund by 17.7% during 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 last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Morgan Stanley China A Share Fund by 1.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 677,968 shares of the investment management company’s stock worth $11,288,000 after purchasing an additional 12,663 shares during the period.

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.