Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Decreases By 39.2%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 10,922 shares, a decrease of 39.2% from the May 14th total of 17,967 shares. Based on an average trading volume of 46,445 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Templeton Dragon Fund

A number of hedge funds have recently made changes to their positions in TDF. Royal Bank of Canada increased its holdings in shares of Templeton Dragon Fund by 29.0% during the 1st quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,000 shares during the last quarter. Compound Planning Inc. lifted its holdings in Templeton Dragon Fund by 3.9% during the 4th quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 2,241 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Templeton Dragon Fund by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 75,865 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 2,800 shares during the period. Bank of America Corp DE increased its holdings in shares of Templeton Dragon Fund by 1.2% in the third quarter. Bank of America Corp DE now owns 251,503 shares of the financial services provider’s stock valued at $2,930,000 after purchasing an additional 3,083 shares during the last quarter. Finally, Quantedge Capital Pte Ltd increased its holdings in shares of Templeton Dragon Fund by 10.3% in the first quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 3,900 shares during the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Trading Down 1.4%

Shares of TDF stock opened at $10.80 on Wednesday. The company has a fifty day moving average price of $11.14 and a two-hundred day moving average price of $11.29. Templeton Dragon Fund has a one year low of $9.42 and a one year high of $12.20.

Templeton Dragon Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.15 dividend. This is an increase from Templeton Dragon Fund’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, June 23rd. This represents a $0.60 annualized dividend and a yield of 5.6%.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.