Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Update

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 15,760 shares, a growth of 104.7% from the August 15th total of 7,698 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 38,260 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Templeton Dragon Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Templeton Dragon Fund by 29.0% in the 1st quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,000 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Templeton Dragon Fund during the second quarter worth approximately $184,000. Quantedge Capital Pte Ltd raised its position in Templeton Dragon Fund by 10.3% during the first 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 during the period. Compound Planning Inc. lifted its stake in shares of Templeton Dragon Fund by 11.9% in the 1st quarter. Compound Planning Inc. now owns 67,534 shares of the financial services provider’s stock valued at $717,000 after purchasing an additional 7,198 shares during the last quarter. Finally, 1607 Capital Partners LLC boosted its holdings in shares of Templeton Dragon Fund by 50.9% in the 4th quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider’s stock worth $1,840,000 after purchasing an additional 55,093 shares during the period. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Price Performance

NYSE:TDF traded down $0.13 during mid-day trading on Tuesday, hitting $10.27. 67,357 shares of the stock traded hands, compared to its average volume of 37,486. The business’s 50-day moving average price is $10.76 and its 200 day moving average price is $10.93. Templeton Dragon Fund has a 12-month low of $10.20 and a 12-month high of $12.20.

Templeton Dragon Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $0.60 annualized dividend and a dividend yield of 5.8%.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies connected to the People’s Republic of China. The fund’s portfolio may include companies domiciled in mainland China as well as businesses listed or operating in other markets that derive a substantial portion of their revenues or assets from China.

The fund provides investors with access to a diversified portfolio of Chinese companies across multiple industries.