Taiwan Fund, Inc. (The) (NYSE:TWN) Short Interest Up 152.3% in April

Taiwan Fund, Inc. (The) (NYSE:TWN) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 8,948 shares, a growth of 152.3% from the April 15th total of 3,547 shares. Based on an average daily volume of 30,003 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Taiwan Fund Price Performance

Shares of TWN stock traded down $3.39 on Friday, hitting $91.40. The stock had a trading volume of 30,080 shares, compared to its average volume of 29,272. Taiwan Fund has a 1 year low of $36.00 and a 1 year high of $99.77. The company’s 50 day moving average price is $75.55 and its 200-day moving average price is $63.74.

Insider Buying and Selling

In other Taiwan Fund news, Director William C. Kirby bought 50,687 shares of Taiwan Fund stock in a transaction on Thursday, February 26th. The shares were bought at an average price of $64.90 per share, for a total transaction of $3,289,586.30. Following the completion of the transaction, the director directly owned 2,886 shares of the company’s stock, valued at $187,301.40. This trade represents a -106.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taiwan Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in shares of Taiwan Fund by 40.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock valued at $48,000 after buying an additional 309 shares during the period. Quantedge Capital Pte Ltd raised its holdings in shares of Taiwan Fund by 7.4% in the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after buying an additional 1,000 shares during the period. Evolve Private Wealth LLC purchased a new stake in shares of Taiwan Fund in the 4th quarter valued at $915,000. Rock Creek Group LP raised its holdings in shares of Taiwan Fund by 1,061.6% in the 3rd quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock valued at $3,585,000 after buying an additional 60,510 shares during the period. Finally, Karpus Management Inc. raised its holdings in shares of Taiwan Fund by 86.4% in the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after buying an additional 42,256 shares during the period.

About Taiwan Fund

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.