Taiwan Fund, Inc. (The) (NYSE:TWN) Sees Significant Decrease in Short Interest

Taiwan Fund, Inc. (The) (NYSE:TWN) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,095 shares, a decline of 47.9% from the September 30th total of 5,941 shares. Based on an average daily volume of 18,764 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Taiwan Fund Stock Down 4.6%

TWN stock traded down $4.12 during trading on Friday, reaching $86.06. The stock had a trading volume of 35,110 shares, compared to its average volume of 22,773. The stock’s 50 day moving average is $99.62 and its two-hundred day moving average is $84.63. Taiwan Fund has a 52 week low of $51.37 and a 52 week high of $108.83.

Institutional Investors Weigh In On Taiwan Fund

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in Taiwan Fund during the second quarter valued at $10,391,000. Evolve Private Wealth LLC purchased a new position in shares of Taiwan Fund during the 2nd quarter valued at about $1,533,000. Quantedge Capital Pte Ltd grew its stake in shares of Taiwan Fund by 7.4% during the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after acquiring an additional 1,000 shares during the period. Hudson Portfolio Management LLC purchased a new stake in Taiwan Fund in the 2nd quarter worth approximately $625,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in Taiwan Fund by 18.1% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 4,571 shares of the company’s stock worth $466,000 after acquiring an additional 701 shares during the period.

Taiwan Fund Company Profile

Taiwan Fund, Inc (NYSE: TWN) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in publicly traded companies in Taiwan. Rather than operating a commercial business, the fund provides investors with access to Taiwan’s equity markets through a professionally managed portfolio.

The fund’s investments may span a range of Taiwanese industries and companies, with portfolio exposure generally reflecting opportunities and developments within the country’s economy.