Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Up 98.9% in July

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,611 shares, a growth of 98.9% from the June 30th total of 6,339 shares. Based on an average daily volume of 72,210 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Templeton Dragon Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Templeton Dragon Fund by 14.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock worth $20,609,000 after buying an additional 238,581 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Templeton Dragon Fund by 4.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,533,862 shares of the financial services provider’s stock valued at $17,271,000 after acquiring an additional 72,188 shares during the last quarter. Wolverine Asset Management LLC bought a new position in Templeton Dragon Fund in the fourth quarter valued at about $694,000. 1607 Capital Partners LLC raised its stake in Templeton Dragon Fund by 50.9% during the fourth quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider’s stock worth $1,840,000 after acquiring an additional 55,093 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Templeton Dragon Fund by 1.5% during the fourth quarter. Lazard Asset Management LLC now owns 2,835,608 shares of the financial services provider’s stock worth $31,929,000 after acquiring an additional 41,989 shares in the last quarter. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Price Performance

TDF stock traded up $0.05 during mid-day trading on Friday, hitting $10.75. The stock had a trading volume of 117,818 shares, compared to its average volume of 79,506. The firm has a fifty day simple moving average of $10.82 and a 200 day simple moving average of $11.15. Templeton Dragon Fund has a 52 week low of $10.02 and a 52 week high of $12.20.

Templeton Dragon Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.6%. This is a positive change from Templeton Dragon Fund’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, June 23rd.

Templeton Dragon Fund Company Profile

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.