News coverage about China Fund (NYSE:CHN) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Fund earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 45.0785747479626 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
China Fund (CHN) traded up $0.23 during mid-day trading on Friday, hitting $22.94. 12,498 shares of the company traded hands, compared to its average volume of 24,133. The firm has a market capitalization of $357.06, a PE ratio of 4.59 and a beta of 0.95. China Fund has a twelve month low of $15.36 and a twelve month high of $22.94.
The firm also recently announced an annual dividend, which was paid on Thursday, January 4th. Shareholders of record on Tuesday, December 19th were paid a $0.549 dividend. This represents a yield of 2.56%. The ex-dividend date was Monday, December 18th.
In other China Fund news, major shareholder City Of London Investment Grou bought 1,900 shares of China Fund stock in a transaction on Tuesday, January 9th. The stock was purchased at an average cost of $22.46 per share, for a total transaction of $42,674.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 188,711 shares of company stock valued at $4,035,517 over the last quarter.
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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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