The China Fund, Inc. (NYSE:CHN) Short Interest Update

The China Fund, Inc. (NYSE:CHN) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 4,000 shares, a drop of 64.9% from the February 28th total of 11,400 shares. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On The China Fund

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in The China Fund during the 4th quarter worth approximately $299,000. Cohen & Steers Inc. acquired a new stake in shares of The China Fund in the fourth quarter worth $306,000. Vista Investment Management boosted its position in shares of The China Fund by 5.7% in the fourth quarter. Vista Investment Management now owns 27,850 shares of the investment management company’s stock worth $332,000 after buying an additional 1,500 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of The China Fund during the fourth quarter valued at $800,000. Finally, Shaker Financial Services LLC raised its position in The China Fund by 8.3% during the fourth quarter. Shaker Financial Services LLC now owns 68,086 shares of the investment management company’s stock valued at $822,000 after buying an additional 5,194 shares during the period.

The China Fund Price Performance

NYSE CHN traded down $0.27 on Friday, hitting $12.97. 16,089 shares of the company were exchanged, compared to its average volume of 32,342. The China Fund has a twelve month low of $9.29 and a twelve month high of $14.74. The company’s 50 day moving average price is $12.74 and its 200-day moving average price is $12.24.

About The China Fund

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.