Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Rises By 38.3%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 11,200 shares, an increase of 38.3% from the February 13th total of 8,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 103,700 shares, the short-interest ratio is presently 0.1 days.

Templeton Dragon Fund Stock Performance

Shares of TDF traded down $0.02 during trading hours on Tuesday, hitting $10.26. The stock had a trading volume of 105,051 shares, compared to its average volume of 69,938. The firm has a 50-day moving average price of $9.05 and a 200 day moving average price of $8.77. Templeton Dragon Fund has a fifty-two week low of $7.49 and a fifty-two week high of $10.41.

Templeton Dragon Fund Cuts Dividend

The business also recently declared a — dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a yield of 2.2%.

Institutional Investors Weigh In On Templeton Dragon Fund

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new stake in Templeton Dragon Fund in the 3rd quarter valued at $33,000. Elequin Capital LP acquired a new position in Templeton Dragon Fund in the 4th quarter valued at $38,000. Landscape Capital Management L.L.C. acquired a new position in Templeton Dragon Fund in the 4th quarter valued at $92,000. Almitas Capital LLC acquired a new position in Templeton Dragon Fund in the 4th quarter valued at $101,000. Finally, Calamos Advisors LLC acquired a new position in Templeton Dragon Fund in the 4th quarter valued at $139,000. Institutional investors and hedge funds own 47.20% of the company’s stock.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.