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

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

The China Fund Stock Up 1.8 %

NYSE:CHN opened at $12.19 on Wednesday. The stock’s fifty day moving average price is $12.39 and its two-hundred day moving average price is $11.04. The China Fund has a 52-week low of $9.00 and a 52-week high of $14.74.

The China Fund Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a $0.1497 dividend. The ex-dividend date is Monday, December 30th. This represents a dividend yield of 0.2%. This is an increase from The China Fund’s previous annual dividend of $0.02.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new position in The China Fund during the 2nd quarter worth about $390,000. Shaker Financial Services LLC lifted its stake in The China Fund by 45.4% in the 2nd quarter. Shaker Financial Services LLC now owns 75,695 shares of the investment management company’s stock valued at $766,000 after purchasing an additional 23,626 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in The China Fund during the third quarter worth approximately $5,812,000. Finally, Allspring Global Investments Holdings LLC lifted its position in The China Fund by 0.7% during 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 acquiring an additional 7,307 shares during the last quarter.

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.