Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Rises By 150.0%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,000 shares, a growth of 150.0% from the October 15th total of 800 shares. Based on an average daily volume of 66,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TDF. City of London Investment Management Co. Ltd. grew its stake in Templeton Dragon Fund by 4.5% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 8,290,745 shares of the financial services provider’s stock valued at $65,165,000 after purchasing an additional 356,761 shares during the period. Karpus Management Inc. grew its position in shares of Templeton Dragon Fund by 64.0% during the 1st quarter. Karpus Management Inc. now owns 587,135 shares of the financial services provider’s stock valued at $4,615,000 after acquiring an additional 229,046 shares during the period. 180 Wealth Advisors LLC purchased a new stake in shares of Templeton Dragon Fund during the 2nd quarter worth approximately $271,000. Allspring Global Investments Holdings LLC lifted its stake in Templeton Dragon Fund by 6.2% in 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 purchasing an additional 127,682 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in Templeton Dragon Fund by 1,622.4% during the second quarter. Wolverine Asset Management LLC now owns 65,107 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 61,327 shares during the period. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Stock Performance

Shares of TDF stock traded up $0.01 during mid-day trading on Wednesday, hitting $8.70. The company’s stock had a trading volume of 13,881 shares, compared to its average volume of 57,934. The company’s fifty day simple moving average is $8.71 and its 200-day simple moving average is $8.32. Templeton Dragon Fund has a 52 week low of $7.15 and a 52 week high of $10.41.

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.