Morgan Stanley China A Share Fund (NYSE:CAF) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.57 and traded as high as $12.90. Morgan Stanley China A Share Fund shares last traded at $12.87, with a volume of 20,898 shares.

Morgan Stanley China A Share Fund Stock Up 1.1 %

The stock has a 50 day simple moving average of $12.57 and a 200-day simple moving average of $12.63.

Hedge Funds Weigh In On Morgan Stanley China A Share Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Morgan Stanley China A Share Fund during the 3rd quarter valued at $9,304,000. Wolverine Asset Management LLC boosted its holdings in Morgan Stanley China A Share Fund by 88.2% during the 4th quarter. Wolverine Asset Management LLC now owns 83,378 shares of the investment management company’s stock valued at $1,039,000 after acquiring an additional 39,075 shares during the period. Cohen & Steers Inc. purchased a new position in Morgan Stanley China A Share Fund during the 4th quarter valued at $336,000. Stifel Financial Corp purchased a new position in Morgan Stanley China A Share Fund during the 4th quarter valued at $320,000. Finally, Calamos Advisors LLC purchased a new position in Morgan Stanley China A Share Fund during the 4th quarter valued at $140,000.

Morgan Stanley China A Share Fund Company Profile

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.