Templeton Dragon Fund, Inc. (NYSE:TDF) Stock Short Interest Report for September

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,246 shares, a drop of 82.2% from the September 15th total of 7,016 shares. Based on an average daily trading volume, of 50,591 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of Templeton Dragon Fund during the second quarter valued at $184,000. Public Employees Retirement System of Ohio bought a new position in Templeton Dragon Fund in the second quarter worth approximately $6,574,000. Bank of America Corp DE bought a new position in Templeton Dragon Fund in the 2nd quarter worth $3,107,000. 180 Wealth Advisors LLC lifted its position in shares of Templeton Dragon Fund by 5.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 329,251 shares of the financial services provider’s stock valued at $3,586,000 after buying an additional 16,590 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Templeton Dragon Fund by 29.0% during the first quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,000 shares in the last quarter. 47.20% of the stock is owned by hedge funds and other institutional investors.

Templeton Dragon Fund Stock Up 3.0%

TDF opened at $9.69 on Friday. Templeton Dragon Fund has a one year low of $9.35 and a one year high of $12.20. The business has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $10.76.

Templeton Dragon Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $0.60 annualized dividend and a yield of 6.2%.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc (NYSE: TDF) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies with significant business activities in China and related markets. The fund provides investors with a professionally managed portfolio focused on the region’s economic growth and corporate sector.

Its investments may include companies incorporated in, listed in, or deriving substantial revenue from mainland China, Hong Kong, and Taiwan.