Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Up 104.7% in August

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 15,760 shares, an increase of 104.7% from the August 15th total of 7,698 shares. Based on an average trading volume of 38,260 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Templeton Dragon Fund Price Performance

NYSE:TDF traded up $0.01 during mid-day trading on Wednesday, reaching $10.28. 23,046 shares of the company’s stock were exchanged, compared to its average volume of 73,049. Templeton Dragon Fund has a one year low of $10.20 and a one year high of $12.20. The business’s fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $10.93.

Templeton Dragon Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Wednesday, September 23rd.

Institutional Investors Weigh In On Templeton Dragon Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in Templeton Dragon Fund by 14.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock worth $20,609,000 after acquiring an additional 238,581 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Templeton Dragon Fund during the 2nd quarter valued at $6,574,000. 180 Wealth Advisors LLC grew its holdings in shares of Templeton Dragon Fund by 5.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 329,251 shares of the financial services provider’s stock worth $3,586,000 after purchasing an additional 16,590 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Templeton Dragon Fund during the 2nd quarter worth $3,107,000. Finally, 1607 Capital Partners LLC increased its position 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 worth $1,840,000 after purchasing an additional 55,093 shares during the period. 47.20% of the stock is currently owned by institutional investors and hedge funds.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies connected to the People’s Republic of China. The fund’s portfolio may include companies domiciled in mainland China as well as businesses listed or operating in other markets that derive a substantial portion of their revenues or assets from China.

The fund provides investors with access to a diversified portfolio of Chinese companies across multiple industries.