Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Rises By 38.3%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 11,200 shares, an increase of 38.3% from the February 13th total of 8,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 103,700 shares, the short-interest ratio is presently 0.1 days.

Templeton Dragon Fund Stock Down 0.2 %

Shares of NYSE TDF traded down $0.02 during mid-day trading on Tuesday, hitting $10.26. The company had a trading volume of 105,051 shares, compared to its average volume of 69,938. Templeton Dragon Fund has a 1-year low of $7.49 and a 1-year high of $10.41. The business’s 50-day simple moving average is $9.05 and its 200 day simple moving average is $8.77.

Templeton Dragon Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. This represents a dividend yield of 2.2%. The ex-dividend date is Monday, March 17th.

Institutional Trading of Templeton Dragon Fund

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in shares of Templeton Dragon Fund by 5.6% during the fourth quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,107 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Templeton Dragon Fund by 7.2% during the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 1,449 shares in the last quarter. CSS LLC IL grew its stake in shares of Templeton Dragon Fund by 6.8% during the fourth quarter. CSS LLC IL now owns 31,274 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 2,000 shares in the last quarter. US Bancorp DE acquired a new position in shares of Templeton Dragon Fund during the third quarter worth $33,000. Finally, Elequin Capital LP acquired a new position in shares of Templeton Dragon Fund during the fourth quarter worth $38,000. 47.20% of the stock is currently owned by institutional investors and hedge funds.

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.