Media headlines about China Fund (NYSE:CHN) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. China Fund earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 44.8660850988937 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of NYSE:CHN traded down $0.31 on Friday, hitting $21.55. The company had a trading volume of 3,837 shares, compared to its average volume of 29,005. China Fund has a 1-year low of $17.02 and a 1-year high of $24.76.
In related news, major shareholder City Of London Investment Grou acquired 4,225 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were purchased at an average cost of $22.85 per share, for a total transaction of $96,541.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders acquired 120,371 shares of company stock worth $2,701,962.
About China Fund
The China Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is the People’s Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive over 50% of their revenues from goods and services sold or produced, or have approximately 50% of their assets, in China, and constituting direct equity investments in companies organized in China.
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