Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Update

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 6,339 shares, a decrease of 40.7% from the June 15th total of 10,684 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,381 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDF. Allspring Global Investments Holdings LLC boosted its holdings in Templeton Dragon Fund by 14.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock worth $20,609,000 after buying an additional 238,581 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Templeton Dragon Fund by 4.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,533,862 shares of the financial services provider’s stock worth $17,271,000 after buying an additional 72,188 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Templeton Dragon Fund in the fourth quarter worth approximately $694,000. 1607 Capital Partners LLC increased its holdings in shares of Templeton Dragon Fund by 50.9% in the fourth quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider’s stock valued at $1,840,000 after buying an additional 55,093 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Templeton Dragon Fund by 1.5% in the fourth quarter. Lazard Asset Management LLC now owns 2,835,608 shares of the financial services provider’s stock valued at $31,929,000 after buying an additional 41,989 shares in the last quarter. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Stock Down 2.2%

Templeton Dragon Fund stock traded down $0.24 during trading hours on Friday, hitting $10.63. 39,145 shares of the company traded hands, compared to its average volume of 69,317. The firm’s 50-day simple moving average is $10.94 and its two-hundred day simple moving average is $11.20. Templeton Dragon Fund has a 1-year low of $10.02 and a 1-year high of $12.20.

Templeton Dragon Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.6%. This is a boost from Templeton Dragon Fund’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, June 23rd.

About Templeton Dragon Fund

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.