Templeton Dragon Fund, Inc. (NYSE:TDF) Sees Large Drop in Short Interest

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 6,900 shares, a decrease of 65.0% from the November 30th total of 19,700 shares. Based on an average daily volume of 87,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Templeton Dragon Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TDF. City of London Investment Management Co. Ltd. raised its holdings in shares of Templeton Dragon Fund by 1.6% in the second quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock valued at $67,552,000 after purchasing an additional 132,137 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Templeton Dragon Fund by 6.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,185,826 shares of the financial services provider’s stock worth $17,530,000 after buying an additional 127,682 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Templeton Dragon Fund during the 3rd quarter worth about $10,922,000. International Assets Investment Management LLC boosted its stake in shares of Templeton Dragon Fund by 855.8% during the 3rd quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock worth $2,014,000 after buying an additional 196,913 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Templeton Dragon Fund by 116.9% in the third quarter. Wolverine Asset Management LLC now owns 141,244 shares of the financial services provider’s stock valued at $1,294,000 after acquiring an additional 76,137 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

Templeton Dragon Fund Stock Performance

Shares of TDF traded down $0.13 during midday trading on Friday, hitting $8.64. The stock had a trading volume of 128,099 shares, compared to its average volume of 61,274. The company has a 50 day simple moving average of $8.73 and a two-hundred day simple moving average of $8.36. Templeton Dragon Fund has a twelve month low of $7.15 and a twelve month high of $10.41.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.