Templeton Dragon Fund, Inc. (NYSE:TDF) Sees Large Decrease in Short Interest

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 800 shares, a drop of 95.7% from the September 30th total of 18,400 shares. Based on an average daily volume of 67,400 shares, the days-to-cover ratio is presently 0.0 days.

Templeton Dragon Fund Trading Up 1.2 %

Shares of TDF traded up $0.11 during midday trading on Friday, reaching $9.02. 50,688 shares of the company were exchanged, compared to its average volume of 58,641. Templeton Dragon Fund has a 1-year low of $7.15 and a 1-year high of $10.41. The stock has a 50-day moving average price of $8.43 and a 200-day moving average price of $8.23.

Templeton Dragon Fund Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.1155 dividend. This represents a yield of 3%. The ex-dividend date of this dividend was Monday, August 19th.

Institutional Trading of Templeton Dragon Fund

Several large investors have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. boosted its stake in shares of Templeton Dragon Fund by 1.6% in the second quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock valued at $67,552,000 after purchasing an additional 132,137 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Templeton Dragon Fund by 6.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,185,826 shares of the financial services provider’s stock valued at $17,530,000 after acquiring an additional 127,682 shares in the last quarter. Karpus Management Inc. increased its position in shares of Templeton Dragon Fund by 64.0% during the first quarter. Karpus Management Inc. now owns 587,135 shares of the financial services provider’s stock worth $4,615,000 after acquiring an additional 229,046 shares during the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of Templeton Dragon Fund by 0.3% in the first quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock worth $3,761,000 after acquiring an additional 1,450 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Templeton Dragon Fund by 855.8% in the third quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock valued at $2,014,000 after purchasing an additional 196,913 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.