Short Interest in The China Fund, Inc. (NYSE:CHN) Decreases By 6.3%

The China Fund, Inc. (NYSE:CHN) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 14,900 shares, a drop of 6.3% from the November 15th total of 15,900 shares. Based on an average trading volume of 48,000 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On The China Fund

A number of large investors have recently modified their holdings of CHN. Public Employees Retirement System of Ohio purchased a new position in The China Fund during the third quarter worth about $5,812,000. Shaker Financial Services LLC increased its position in shares of The China Fund by 45.4% during the second quarter. Shaker Financial Services LLC now owns 75,695 shares of the investment management company’s stock valued at $766,000 after acquiring an additional 23,626 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in The China Fund during the second quarter worth $390,000. Finally, Allspring Global Investments Holdings LLC boosted its position in The China Fund by 0.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,030,382 shares of the investment management company’s stock worth $10,427,000 after purchasing an additional 7,307 shares during the last quarter.

The China Fund Stock Performance

Shares of CHN stock traded down $0.29 during trading hours on Monday, hitting $11.97. 13,543 shares of the company were exchanged, compared to its average volume of 31,577. The company has a 50 day simple moving average of $12.39 and a two-hundred day simple moving average of $11.04. The China Fund has a fifty-two week low of $9.00 and a fifty-two week high of $14.74.

The China Fund Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be given a $0.1497 dividend. This represents a yield of 0.2%. This is a positive change from The China Fund’s previous annual dividend of $0.02. The ex-dividend date of this dividend is Monday, December 30th.

The China Fund Company Profile

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.