Taiwan Fund, Inc. (The) (NYSE:TWN) Sees Significant Increase in Short Interest

Taiwan Fund, Inc. (The) (NYSE:TWN) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,258 shares, a growth of 92.3% from the July 15th total of 2,214 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 46,267 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Taiwan Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TWN. Karpus Management Inc. lifted its position in Taiwan Fund by 86.4% during the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock worth $4,084,000 after acquiring an additional 42,256 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Taiwan Fund by 40.8% during the second quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after purchasing an additional 309 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Taiwan Fund by 3.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after purchasing an additional 41,221 shares during the period. Evolve Private Wealth LLC purchased a new position in Taiwan Fund in the 4th quarter valued at $915,000. Finally, Quantedge Capital Pte Ltd boosted its holdings in shares of Taiwan Fund by 7.4% in the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after acquiring an additional 1,000 shares in the last quarter.

Taiwan Fund Stock Down 0.0%

Shares of NYSE:TWN traded down $0.04 during trading hours on Friday, hitting $97.33. 27,101 shares of the company’s stock traded hands, compared to its average volume of 37,638. The business has a fifty day moving average price of $92.14 and a 200-day moving average price of $80.65. Taiwan Fund has a 1 year low of $47.76 and a 1 year high of $105.09.

About Taiwan Fund

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.