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

The China Fund, Inc. (NYSE:CHN) was the target of a significant drop in short interest during the month of 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 days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On The China Fund

Several hedge funds and other institutional investors have recently bought and sold shares of CHN. Allspring Global Investments Holdings LLC increased its position in shares of 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in The China Fund in the 3rd quarter worth about $5,812,000. Shaker Financial Services LLC grew its position 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 worth $766,000 after purchasing an additional 23,626 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in The China Fund in the second quarter valued at about $390,000.

The China Fund Stock Up 1.8 %

NYSE CHN opened at $12.19 on Wednesday. The firm’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 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 issued a $0.1497 dividend. This is a positive change from The China Fund’s previous annual dividend of $0.02. The ex-dividend date is Monday, December 30th. This represents a yield of 0.2%.

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.