Taiwan Fund, Inc. (The) (NYSE:TWN) Short Interest Update

Taiwan Fund, Inc. (The) (NYSE:TWN) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,078 shares, a decline of 66.5% from the August 15th total of 6,195 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 27,437 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TWN. Lazard Asset Management LLC increased its stake in shares of Taiwan Fund by 3.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after purchasing an additional 41,221 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Taiwan Fund in the 2nd quarter worth approximately $10,391,000. 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 worth $4,084,000 after purchasing an additional 42,256 shares during the period. Evolve Private Wealth LLC purchased a new position in Taiwan Fund in the fourth quarter valued at approximately $915,000. Finally, Quantedge Capital Pte Ltd lifted its stake in Taiwan Fund by 7.4% in the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after purchasing an additional 1,000 shares during the last quarter.

Taiwan Fund Price Performance

TWN traded up $2.85 during trading on Friday, hitting $103.21. 24,822 shares of the company traded hands, compared to its average volume of 27,783. Taiwan Fund has a one year low of $51.37 and a one year high of $108.83. The stock’s fifty day moving average is $94.03 and its 200 day moving average is $86.36.

Taiwan Fund Company Profile

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.