Daqq New Energy Corp (DQ)

[eFinanceMarkets]

$DQ Daqo New Energy (DQ +5.9%) jumps within $1 of its 52-week high after Morgan Stanley discloses that it now holds a 5.1% stake in the company.

According to an SEC filing yesterday, Stanley owns 16.4M ordinary DQ shares, equivalent to 656K of the U.S.-traded American depositary shares, making it the Chinese company's fourth-largest shareholder; it held just 19,000 ADSs at the end of Q1.

DQ has gained 10% YTD through Monday's close.