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

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 60,000 shares, an increase of 435.7% from the February 28th total of 11,200 shares. Based on an average daily trading volume, of 107,700 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Templeton Dragon Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC increased its stake in Templeton Dragon Fund by 71.4% during the 4th quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider’s stock valued at $2,055,000 after buying an additional 100,819 shares during the period. HighTower Advisors LLC raised its stake in shares of Templeton Dragon Fund by 7.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,449 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in shares of Templeton Dragon Fund by 68.6% in the 4th quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock worth $1,482,000 after buying an additional 71,032 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Templeton Dragon Fund in the fourth quarter valued at $139,000. Finally, Matisse Capital bought a new position in Templeton Dragon Fund during the fourth quarter valued at about $2,793,000. 47.20% of the stock is currently owned by institutional investors.

Templeton Dragon Fund Stock Performance

Shares of NYSE TDF traded up $0.12 during midday trading on Thursday, hitting $9.92. 52,723 shares of the company’s stock were exchanged, compared to its average volume of 70,428. Templeton Dragon Fund has a twelve month low of $7.49 and a twelve month high of $10.41. The stock’s 50 day moving average price is $9.29 and its 200-day moving average price is $8.87.

Templeton Dragon Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. The ex-dividend date is Monday, March 17th. This represents a dividend yield of 2.2%.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.