Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Expands By 222.7%

Templeton Dragon Fund, Inc. (NYSE:TDFGet Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 18,600 shares, an increase of 222.7% from the April 15th total of 5,763 shares. Based on an average daily trading volume, of 57,043 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Templeton Dragon Fund Price Performance

TDF stock traded down $0.19 during mid-day trading on Thursday, hitting $11.60. The stock had a trading volume of 60,811 shares, compared to its average volume of 57,155. Templeton Dragon Fund has a 52 week low of $9.42 and a 52 week high of $12.20. The firm has a fifty day simple moving average of $11.07 and a 200 day simple moving average of $11.35.

Templeton Dragon Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, March 24th.

Institutional Investors Weigh In On Templeton Dragon Fund

A number of hedge funds have recently made changes to their positions in TDF. Flagship Harbor Advisors LLC acquired a new stake in shares of Templeton Dragon Fund in the 4th quarter valued at approximately $51,000. Ameriprise Financial Inc. acquired a new stake in shares of Templeton Dragon Fund in the 3rd quarter valued at approximately $144,000. XTX Topco Ltd acquired a new stake in shares of Templeton Dragon Fund in the 4th quarter valued at approximately $147,000. Quantedge Capital Pte Ltd boosted its stake in shares of Templeton Dragon Fund by 10.3% in the 1st quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of Templeton Dragon Fund by 3.9% in the 4th quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 2,241 shares in the last quarter. 47.20% of the stock is currently owned by institutional investors and hedge funds.

About Templeton Dragon Fund

(Get Free Report)

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.

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