The China Fund, Inc. (NYSE:CHN) Sees Significant Drop in Short Interest

The China Fund, Inc. (NYSE:CHNGet Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 13,300 shares, a drop of 15.8% from the April 15th total of 15,800 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is presently 0.5 days.

The China Fund Trading Up 1.7 %

Shares of The China Fund stock opened at $11.35 on Tuesday. The China Fund has a twelve month low of $9.00 and a twelve month high of $12.50. The company has a 50-day simple moving average of $10.19 and a two-hundred day simple moving average of $9.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Able Wealth Management LLC bought a new stake in shares of The China Fund during the 4th quarter worth $32,000. 1607 Capital Partners LLC grew its position in The China Fund by 6.8% during the 4th quarter. 1607 Capital Partners LLC now owns 336,422 shares of the investment management company’s stock worth $3,418,000 after acquiring an additional 21,294 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of The China Fund by 466.0% in the third quarter. Wolverine Asset Management LLC now owns 27,976 shares of the investment management company’s stock valued at $296,000 after buying an additional 23,033 shares during the period. Karpus Management Inc. raised its holdings in The China Fund by 41.2% in the 4th quarter. Karpus Management Inc. now owns 84,791 shares of the investment management company’s stock valued at $861,000 after buying an additional 24,751 shares during the last quarter. Finally, Choreo LLC bought a new stake in The China Fund during the 4th quarter worth approximately $389,000.

The China Fund Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for The China Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The China Fund and related companies with MarketBeat.com's FREE daily email newsletter.