Fidelity China Special Situations (LON:FCSS) Shares Pass Below Fifty Day Moving Average of $321.61

Fidelity China Special Situations (LSE: FCSS) is a large British investment trust dedicated to long-term investments in Asia. Established in 2010, the company is a constituent of the FTSE 250 Index. The chairman is Nicholas Bull. The fund is managed by Dale Nicholls of Fidelity International.

Fidelity China Special Situations (FCSS) invests in Chinese equities, aiming to identify companies with long-term growth prospects that are underappreciated by the market. The portfolio has a strong bias to small and mid caps and a wide remit.

On Friday, Fidelity China Special Situations PLC (FCSS:LSE) closed at 311.00, 2.98% above its 52-week low of 302.00, set on Oct 05, 2021. 52-week range. Today.

The stock has a 50-day moving average of GBX 321.61 ($4.25) and traded as low as GBX 303.24 ($4.01). Fidelity China Special Situations shares last traded at GBX 311 ($4.11), with a volume of 612,474 shares traded. The stocks 50-day moving average is GBX 321.61 and its 200-day moving average is GBX 356.88. In other Fidelity China Special Situations news, insider Vanessa Donegan bought 4,872 shares of Fidelity China Special Situations stock in a transaction on Friday, October 1st. The shares were purchased at an average cost of GBX 311 ($4.11) per share, with a total value of £15,151.92 ($20,023.68). Fidelity China Special Situations PLC is a close-ended equity mutual fund launched and managed by FIL Investment Services (UK) Limited. The fund is co-managed by FIL Investment Management

Chinese special administrative region (Hong Kong) Limited and FIL Investments International. It invests in the public equity markets of China, which includes companies listed in China or Hong Kong and Chinese companies on other stock exchanges. The investment objective of the Company is to achieve long-term capital growth from an actively managed portfolio made up primarily of securities issued by companies listed in China and Chinese companies listed elsewhere.