Short Interest in The Taiwan Fund, Inc. (NYSE:TWN) Declines By 27.1%

The Taiwan Fund, Inc. (NYSE:TWN) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 3,500 shares, a drop of 27.1% from the December 15th total of 4,800 shares. Based on an average daily volume of 23,800 shares, the short-interest ratio is currently 0.1 days.

The Taiwan Fund Stock Up 0.3 %

Shares of TWN traded up $0.13 during trading hours on Wednesday, reaching $38.07. 16,470 shares of the stock traded hands, compared to its average volume of 23,241. The Taiwan Fund has a 52-week low of $33.29 and a 52-week high of $47.24. The company’s 50-day moving average price is $42.95 and its two-hundred day moving average price is $43.20.

The Taiwan Fund Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a $7.3984 dividend. This represents a dividend yield of 16.17%. This is an increase from The Taiwan Fund’s previous annual dividend of $0.44. The ex-dividend date of this dividend was Friday, December 27th.

Hedge Funds Weigh In On The Taiwan Fund

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in The Taiwan Fund during the 2nd quarter valued at approximately $819,000. Landscape Capital Management L.L.C. grew its holdings in The Taiwan Fund by 1.3% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 17,653 shares of the company’s stock valued at $775,000 after buying an additional 222 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of The Taiwan Fund during the third quarter valued at approximately $220,000. HighTower Advisors LLC lifted its holdings in shares of The Taiwan Fund by 5.9% in the third quarter. HighTower Advisors LLC now owns 5,831 shares of the company’s stock worth $255,000 after buying an additional 324 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of The Taiwan Fund in the third quarter worth $14,483,000.

The Taiwan Fund Company Profile

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.