Short Interest in Taiwan Fund, Inc. (The) (NYSE:TWN) Expands By 152.3%

Taiwan Fund, Inc. (The) (NYSE:TWN) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 8,948 shares, an increase of 152.3% from the April 15th total of 3,547 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,003 shares, the days-to-cover ratio is currently 0.3 days.

Taiwan Fund Stock Performance

Shares of TWN stock traded down $3.39 during mid-day trading on Friday, reaching $91.40. 30,080 shares of the stock traded hands, compared to its average volume of 29,272. The stock’s fifty day simple moving average is $75.55 and its two-hundred day simple moving average is $63.74. Taiwan Fund has a 1-year low of $36.00 and a 1-year high of $99.77.

Insider Buying and Selling at Taiwan Fund

In other news, Director William C. Kirby purchased 50,687 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were purchased at an average cost of $64.90 per share, with a total value of $3,289,586.30. Following the completion of the purchase, the director owned 2,886 shares of the company’s stock, valued at $187,301.40. This trade represents a -106.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Taiwan Fund

A number of hedge funds have recently modified their holdings of the business. Karpus Management Inc. lifted its stake 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 worth $4,084,000 after acquiring an additional 42,256 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Taiwan Fund by 40.8% in the second quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after acquiring an additional 309 shares during the period. Rock Creek Group LP lifted its stake in shares of Taiwan Fund by 1,061.6% in the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock worth $3,585,000 after acquiring an additional 60,510 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Taiwan Fund by 3.8% in the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after acquiring an additional 41,221 shares during the period. Finally, Evolve Private Wealth LLC acquired a new position in shares of Taiwan Fund in the fourth quarter worth approximately $915,000.

About Taiwan Fund

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.