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

Taiwan Fund, Inc. (The) (NYSE:TWN – Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 8,948 shares, a growth of 152.3% from the April 15th total of 3,547 shares. Based on an average trading volume of 30,003 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Taiwan Fund Price Performance

Shares of NYSE TWN traded down $4.23 during mid-day trading on Friday, reaching $90.57. The company had a trading volume of 14,810 shares, compared to its average volume of 31,524. The stock has a fifty day moving average of $74.99 and a two-hundred day moving average of $63.55. Taiwan Fund has a 12-month low of $36.00 and a 12-month high of $99.77.

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Insider Activity at Taiwan Fund

In other Taiwan Fund news, Director William C. Kirby purchased 50,687 shares of the stock in a transaction dated Thursday, February 26th. The shares were acquired at an average price of $64.90 per share, for a total transaction of $3,289,586.30. Following the completion of the acquisition, the director owned 2,886 shares of the company’s stock, valued at $187,301.40. This represents a -106.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Taiwan Fund

A number of institutional investors have recently modified their holdings of TWN. Osaic Holdings Inc. grew its holdings in shares of Taiwan Fund by 40.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock valued at $48,000 after acquiring an additional 309 shares in the last quarter. Quantedge Capital Pte Ltd raised its holdings in shares of Taiwan Fund by 7.4% during the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after acquiring an additional 1,000 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in Taiwan Fund during the fourth quarter valued at $915,000. Rock Creek Group LP boosted its position in Taiwan Fund by 1,061.6% during the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock valued at $3,585,000 after purchasing an additional 60,510 shares during the last quarter. Finally, Karpus Management Inc. grew its stake in Taiwan Fund by 86.4% in the second quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after purchasing an additional 42,256 shares in the last quarter.

About Taiwan Fund

(Get Free Report)

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.

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