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

The Taiwan Fund, Inc. (NYSE:TWN) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a decline of 45.5% from the February 29th total of 2,200 shares. Based on an average daily trading volume, of 19,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On The Taiwan Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG grew its holdings in The Taiwan Fund by 198.2% during the second quarter. UBS Group AG now owns 1,333 shares of the company’s stock valued at $33,000 after purchasing an additional 886 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of The Taiwan Fund in the third quarter valued at about $42,000. JPMorgan Chase & Co. bought a new stake in shares of The Taiwan Fund during the second quarter worth approximately $44,000. Blue Bell Private Wealth Management LLC lifted its stake in The Taiwan Fund by 159.8% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $47,000 after buying an additional 828 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of The Taiwan Fund by 268.9% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 2,387 shares of the company’s stock valued at $75,000 after buying an additional 1,740 shares during the period.

The Taiwan Fund Stock Performance

Shares of TWN traded down $0.22 during midday trading on Thursday, hitting $39.53. The stock had a trading volume of 1,918 shares, compared to its average volume of 19,748. The Taiwan Fund has a fifty-two week low of $25.22 and a fifty-two week high of $41.51. The business has a 50-day simple moving average of $38.32 and a two-hundred day simple moving average of $34.03.

About The Taiwan Fund

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.