Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Update

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 7,698 shares, a decrease of 78.2% from the July 30th total of 35,368 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 49,931 shares, the days-to-cover ratio is currently 0.2 days.

Templeton Dragon Fund Stock Up 0.6%

Shares of TDF traded up $0.06 during midday trading on Friday, reaching $10.93. The company had a trading volume of 34,091 shares, compared to its average volume of 48,914. Templeton Dragon Fund has a 1-year low of $10.26 and a 1-year high of $12.20. The firm has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $11.03.

Institutional Trading of Templeton Dragon Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Templeton Dragon Fund in the second quarter valued at approximately $6,574,000. Bank of America Corp DE acquired a new stake in Templeton Dragon Fund in the second quarter valued at $3,107,000. Allspring Global Investments Holdings LLC lifted its stake in Templeton Dragon Fund by 14.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock worth $20,609,000 after purchasing an additional 238,581 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Templeton Dragon Fund during the 4th quarter worth approximately $694,000. Finally, 1607 Capital Partners LLC lifted its position in Templeton Dragon Fund by 50.9% in the fourth quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider’s stock valued at $1,840,000 after acquiring an additional 55,093 shares during the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.