The Taiwan Fund, Inc. (NYSE:TWN – Get Rating) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 7,200 shares, an increase of 453.8% from the April 30th total of 1,300 shares. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On The Taiwan Fund
A number of institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG raised its position in The Taiwan Fund by 198.2% during the second quarter. UBS Group AG now owns 1,333 shares of the company’s stock valued at $33,000 after acquiring an additional 886 shares in the last quarter. Captrust Financial Advisors purchased a new position in The Taiwan Fund during the second quarter valued at approximately $83,000. Advisor Group Holdings Inc. increased its position in shares of The Taiwan Fund by 21.7% in the first quarter. Advisor Group Holdings Inc. now owns 3,652 shares of the company’s stock valued at $121,000 after buying an additional 651 shares in the last quarter. Almitas Capital LLC increased its position in shares of The Taiwan Fund by 67.7% in the third quarter. Almitas Capital LLC now owns 7,178 shares of the company’s stock valued at $150,000 after buying an additional 2,898 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of The Taiwan Fund in the first quarter valued at approximately $179,000. Institutional investors and hedge funds own 69.60% of the company’s stock.
The Taiwan Fund Price Performance
TWN stock traded up $0.71 during trading on Friday, reaching $28.56. 8,250 shares of the company traded hands, compared to its average volume of 12,094. The Taiwan Fund has a 12 month low of $18.35 and a 12 month high of $28.97. The business has a 50 day simple moving average of $26.64 and a 200 day simple moving average of $25.50.
The Taiwan Fund Company Profile
Taiwan Fund is an an integral economic player and closed-end management investment company. It allows investors to access and participate in the growth of the economy and the stock market, as well as the investment potential of the mainland and other emerging economies in the region.
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