Templeton Dragon Fund, Inc. (NYSE:TDF) Shares Shorted: Short Interest Down 82.2% in September

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,246 shares, a drop of 82.2% from the September 15th total of 7,016 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 50,591 shares, the short-interest ratio is presently 0.0 days.

Templeton Dragon Fund Stock Performance

Templeton Dragon Fund stock traded down $0.09 during midday trading on Monday, reaching $9.61. The stock had a trading volume of 161,253 shares, compared to its average volume of 71,783. The company has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $10.75. Templeton Dragon Fund has a 12 month low of $9.35 and a 12 month high of $12.20.

Templeton Dragon Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Wednesday, September 23rd.

Institutional Investors Weigh In On Templeton Dragon Fund

A number of hedge funds have recently added to or reduced their stakes in TDF. Allspring Global Investments Holdings LLC increased its holdings in shares of Templeton Dragon Fund by 14.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock valued at $20,609,000 after acquiring an additional 238,581 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Templeton Dragon Fund during the second quarter worth approximately $6,574,000. 180 Wealth Advisors LLC raised its position in shares of Templeton Dragon Fund by 5.3% during the second quarter. 180 Wealth Advisors LLC now owns 329,251 shares of the financial services provider’s stock worth $3,586,000 after purchasing an additional 16,590 shares during the period. Bank of America Corp DE bought a new position in shares of Templeton Dragon Fund in the 2nd quarter worth $3,107,000. Finally, 1607 Capital Partners LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc (NYSE: TDF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies with significant business activities in China and related markets. The fund provides investors with a professionally managed portfolio focused on the region’s economic growth and corporate sector.

Its investments may include companies incorporated in, listed in, or deriving substantial revenue from mainland China, Hong Kong, and Taiwan.