Templeton Dragon Fund, Inc. (NYSE:TDF) Sees Significant Growth in Short Interest

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 3,648 shares, an increase of 192.8% from the September 30th total of 1,246 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 88,522 shares, the days-to-cover ratio is currently 0.0 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. Royal Bank of Canada lifted its position in shares of Templeton Dragon Fund by 29.0% in the 1st quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,000 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Templeton Dragon Fund by 27.4% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 6,973 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 1,500 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Templeton Dragon Fund in the 2nd quarter worth about $184,000. Quantedge Capital Pte Ltd lifted its position in shares of Templeton Dragon Fund by 10.3% during the first quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock worth $443,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Compound Planning Inc. grew its stake in shares of Templeton Dragon Fund by 11.9% during the first quarter. Compound Planning Inc. now owns 67,534 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 7,198 shares during the period. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Stock Up 0.2%

Shares of TDF traded up $0.02 during mid-day trading on Friday, hitting $8.98. 72,990 shares of the company were exchanged, compared to its average volume of 73,557. The company has a 50 day moving average of $9.97 and a 200-day moving average of $10.84. Templeton Dragon Fund has a 1-year low of $8.86 and a 1-year high of $12.20.

Templeton Dragon Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd were issued a $0.15 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $0.60 annualized dividend and a yield of 6.7%.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc (NYSE: TDF) is a non-diversified, closed-end investment company that seeks long-term capital appreciation. The fund invests primarily in equity securities of companies that are based in, or derive a significant portion of their revenues from, the People’s Republic of China, Hong Kong and other Greater China markets.

Its portfolio may include common stocks and other equity-related investments across a range of industries and company sizes. Through these holdings, the fund provides investors with access to businesses operating in one of the world’s major emerging-market regions, while remaining subject to the economic, regulatory and geopolitical risks associated with investing in China and surrounding markets.

Templeton Dragon Fund was established in the mid-1990s and is managed by investment professionals affiliated with Franklin Templeton, a global asset-management organization.