Templeton Dragon Fund, Inc. (NYSE:TDF) Stock Short Interest Declines 55.5%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,016 shares, a drop of 55.5% from the August 31st total of 15,760 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 44,938 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Templeton Dragon Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in Templeton Dragon Fund by 29.0% during the 1st quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,000 shares during the period. Quantedge Capital Pte Ltd boosted its position in shares of Templeton Dragon Fund by 10.3% in the 1st quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 3,900 shares during the last quarter. Compound Planning Inc. grew its stake in shares of Templeton Dragon Fund by 11.9% during the first quarter. Compound Planning Inc. now owns 67,534 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 7,198 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of Templeton Dragon Fund by 5.1% during the first quarter. 180 Wealth Advisors LLC now owns 312,661 shares of the financial services provider’s stock worth $3,317,000 after purchasing an additional 15,084 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Templeton Dragon Fund in the second quarter valued at about $184,000. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Stock Performance

NYSE:TDF traded up $0.05 on Wednesday, hitting $9.67. 31,345 shares of the stock were exchanged, compared to its average volume of 71,827. Templeton Dragon Fund has a 52 week low of $9.44 and a 52 week high of $12.20. The company’s 50-day moving average price is $10.61 and its 200 day moving average price is $10.83.

Templeton Dragon Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $0.60 annualized dividend and a dividend yield of 6.2%.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies connected to the People’s Republic of China. The fund’s portfolio may include companies domiciled in mainland China as well as businesses listed or operating in other markets that derive a substantial portion of their revenues or assets from China.

The fund provides investors with access to a diversified portfolio of Chinese companies across multiple industries.