Templeton Dragon Fund, Inc. (NYSE:TDF – Get Rating) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 19,300 shares, an increase of 93.0% from the February 13th total of 10,000 shares. Based on an average daily volume of 76,000 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On Templeton Dragon Fund
Several institutional investors have recently bought and sold shares of the company. Samalin Investment Counsel LLC grew its position in shares of Templeton Dragon Fund by 16.5% in the third quarter. Samalin Investment Counsel LLC now owns 33,190 shares of the financial services provider's stock valued at $309,000 after purchasing an additional 4,689 shares in the last quarter. Bulldog Investors LLP purchased a new position in Templeton Dragon Fund in the third quarter worth approximately $1,164,000. Uncommon Cents Investing LLC grew its position in Templeton Dragon Fund by 2.0% in the fourth quarter. Uncommon Cents Investing LLC now owns 487,631 shares of the financial services provider's stock worth $4,984,000 after acquiring an additional 9,665 shares during the period. Boothbay Fund Management LLC purchased a new position in Templeton Dragon Fund in the third quarter worth approximately $1,164,000. Finally, Wolverine Asset Management LLC grew its position in Templeton Dragon Fund by 1,120.8% in the third quarter. Wolverine Asset Management LLC now owns 96,697 shares of the financial services provider's stock worth $900,000 after acquiring an additional 88,776 shares during the period. 44.87% of the stock is currently owned by institutional investors and hedge funds.
Get Templeton Dragon Fund alerts:Templeton Dragon Fund Trading Up 1.2 %
TDF stock traded up $0.12 during trading on Monday, hitting $10.12. The stock had a trading volume of 59,338 shares, compared to its average volume of 67,251. Templeton Dragon Fund has a twelve month low of $7.58 and a twelve month high of $14.43. The company's 50-day moving average price is $11.38 and its two-hundred day moving average price is $10.22.
About Templeton Dragon Fund
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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.
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