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

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,648 shares, an increase of 192.8% from the September 30th total of 1,246 shares. Based on an average daily trading volume, of 88,522 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Templeton Dragon Fund Stock Up 0.2%

Templeton Dragon Fund stock opened at $8.98 on Friday. The firm’s fifty day moving average price is $9.93 and its two-hundred day moving average price is $10.83. Templeton Dragon Fund has a 1-year low of $8.86 and a 1-year high of $12.20.

Templeton Dragon Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $0.60 annualized dividend and a yield of 6.7%.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC lifted its stake in Templeton Dragon Fund by 27.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 6,973 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 1,500 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Templeton Dragon Fund during the 2nd quarter worth $184,000. Public Employees Retirement System of Ohio purchased a new position in Templeton Dragon Fund during the 2nd quarter worth $6,574,000. Bank of America Corp DE bought a new stake in shares of Templeton Dragon Fund in the 2nd quarter worth $3,107,000. Finally, 180 Wealth Advisors LLC grew its stake in shares of Templeton Dragon Fund by 5.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 329,251 shares of the financial services provider’s stock worth $3,586,000 after acquiring an additional 16,590 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 non-diversified, closed-end investment company that seeks long-term capital appreciation. The fund invests primarily in equity securities of companies that are based in, or derive a significant portion of their revenues from, the People’s Republic of China, Hong Kong and other Greater China markets.

Its portfolio may include common stocks and other equity-related investments across a range of industries and company sizes. Through these holdings, the fund provides investors with access to businesses operating in one of the world’s major emerging-market regions, while remaining subject to the economic, regulatory and geopolitical risks associated with investing in China and surrounding markets.

Templeton Dragon Fund was established in the mid-1990s and is managed by investment professionals affiliated with Franklin Templeton, a global asset-management organization.