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

Taiwan Fund, Inc. (The) (NYSE:TWN) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,258 shares, a growth of 92.3% from the July 15th total of 2,214 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 46,267 shares, the days-to-cover ratio is currently 0.1 days.

Taiwan Fund Stock Performance

NYSE:TWN traded up $0.77 during mid-day trading on Monday, reaching $98.19. The stock had a trading volume of 14,940 shares, compared to its average volume of 40,202. The firm has a 50 day moving average price of $92.14 and a two-hundred day moving average price of $80.82. Taiwan Fund has a one year low of $47.76 and a one year high of $105.09.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TWN. Lazard Asset Management LLC boosted its stake in shares of Taiwan Fund by 3.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock valued at $59,947,000 after purchasing an additional 41,221 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in Taiwan Fund in the 2nd quarter worth $1,533,000. Osaic Holdings Inc. lifted its stake in Taiwan Fund by 40.8% in the second quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after purchasing an additional 309 shares during the last quarter. Karpus Management Inc. lifted 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 worth $4,084,000 after purchasing an additional 42,256 shares during the last quarter. Finally, Hudson Portfolio Management LLC bought a new stake in Taiwan Fund in the second quarter worth $625,000.

About Taiwan Fund

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.