The Taiwan Fund, Inc. (NYSE:TWN) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 5,200 shares, a drop of 34.2% from the August 15th total of 7,900 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is currently 0.8 days.
Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in shares of The Taiwan Fund by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 604,093 shares of the company’s stock valued at $21,346,000 after purchasing an additional 15,473 shares during the last quarter. Shaker Financial Services LLC lifted its stake in The Taiwan Fund by 6.8% in the second quarter. Shaker Financial Services LLC now owns 23,574 shares of the company’s stock valued at $833,000 after buying an additional 1,500 shares during the last quarter. Morgan Stanley boosted its holdings in shares of The Taiwan Fund by 114.3% in the first quarter. Morgan Stanley now owns 6,958 shares of the company’s stock valued at $197,000 after acquiring an additional 3,711 shares during the period. Shepherd Kaplan Krochuk LLC purchased a new position in shares of The Taiwan Fund during the first quarter worth approximately $308,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of The Taiwan Fund by 48.0% in the 1st quarter. Wolverine Asset Management LLC now owns 8,927 shares of the company’s stock valued at $252,000 after acquiring an additional 2,894 shares during the period. 63.85% of the stock is currently owned by institutional investors.
NYSE:TWN traded down $0.99 during midday trading on Monday, hitting $35.06. 6,942 shares of the company were exchanged, compared to its average volume of 8,122. The Taiwan Fund has a fifty-two week low of $22.31 and a fifty-two week high of $37.75. The company has a fifty day simple moving average of $35.82 and a 200 day simple moving average of $32.67.
The Taiwan Fund, Inc is a diversified closed-end investment company, which engages in the equity securities investments listed on the Taiwan Stock Exchange. The company was founded on December 23, 1986 and is headquartered in Boston, MA.
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