Templeton Dragon Fund, Inc. (NYSE:TDF) Sees Significant Growth in Short Interest

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 11,200 shares, an increase of 38.3% from the February 13th total of 8,100 shares. Based on an average trading volume of 103,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Templeton Dragon Fund in the third quarter valued at approximately $10,922,000. Matisse Capital acquired a new position in shares of Templeton Dragon Fund in the fourth quarter valued at approximately $2,793,000. Wolverine Asset Management LLC increased its stake in shares of Templeton Dragon Fund by 71.4% in the fourth quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider’s stock valued at $2,055,000 after buying an additional 100,819 shares during the period. 180 Wealth Advisors LLC increased its stake in shares of Templeton Dragon Fund by 68.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock valued at $1,482,000 after buying an additional 71,032 shares during the period. Finally, Shaker Financial Services LLC boosted its holdings in Templeton Dragon Fund by 13.1% in the fourth quarter. Shaker Financial Services LLC now owns 106,847 shares of the financial services provider’s stock valued at $907,000 after acquiring an additional 12,352 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

Templeton Dragon Fund Stock Up 1.8 %

NYSE TDF traded up $0.18 during trading on Friday, hitting $10.10. 160,882 shares of the company’s stock were exchanged, compared to its average volume of 69,351. The stock’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $8.75. Templeton Dragon Fund has a fifty-two week low of $7.49 and a fifty-two week high of $10.41.

Templeton Dragon Fund Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 17th.

About Templeton Dragon Fund

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.