Taiwan Fund, Inc. (The) (NYSE:TWN) Sees Large Increase in Short Interest

Taiwan Fund, Inc. (The) (NYSE:TWN) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 11,781 shares, an increase of 116.8% from the May 31st total of 5,435 shares. Based on an average daily trading volume, of 67,298 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Taiwan Fund Stock Performance

Shares of TWN stock opened at $94.47 on Tuesday. Taiwan Fund has a 52-week low of $44.01 and a 52-week high of $105.09. The stock’s 50-day moving average price is $94.24 and its 200 day moving average price is $72.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Karpus Management Inc. increased its holdings in shares of Taiwan Fund by 86.4% in the second quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after purchasing an additional 42,256 shares during the period. Lazard Asset Management LLC raised its stake in shares of Taiwan Fund by 3.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after purchasing an additional 41,221 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Taiwan Fund during the fourth quarter worth $915,000. Quantedge Capital Pte Ltd lifted its holdings in shares of Taiwan Fund by 7.4% during the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after purchasing an additional 1,000 shares during the period. Finally, Osaic Holdings Inc. grew its position in Taiwan Fund by 40.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock valued at $48,000 after buying an additional 309 shares during the last quarter.

Taiwan Fund Company Profile

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.