Morgan Stanley China A Share Fund (NYSE:CAF) Share Price Passes Below 200 Day Moving Average – Here’s Why

Morgan Stanley China A Share Fund, Inc. (NYSE:CAF) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.79 and traded as low as $11.95. Morgan Stanley China A Share Fund shares last traded at $12.19, with a volume of 96,495 shares changing hands.

Morgan Stanley China A Share Fund Stock Performance

The business’s 50-day moving average is $12.81 and its 200 day moving average is $12.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Morgan Stanley China A Share Fund in the 3rd quarter valued at $9,304,000. Wolverine Asset Management LLC raised its position in Morgan Stanley China A Share Fund by 88.2% in the fourth quarter. Wolverine Asset Management LLC now owns 83,378 shares of the investment management company’s stock valued at $1,039,000 after purchasing an additional 39,075 shares during the last quarter. Cohen & Steers Inc. acquired a new stake in shares of Morgan Stanley China A Share Fund during the fourth quarter valued at about $336,000. Stifel Financial Corp bought a new stake in shares of Morgan Stanley China A Share Fund during the fourth quarter worth about $320,000. Finally, Calamos Advisors LLC acquired a new position in shares of Morgan Stanley China A Share Fund in the fourth quarter valued at approximately $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.