Short Interest in The Taiwan Fund, Inc. (NYSE:TWN) Grows By 350.9%

The Taiwan Fund, Inc. (NYSE:TWN) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 23,900 shares, a growth of 350.9% from the March 15th total of 5,300 shares. Based on an average daily trading volume, of 26,800 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

The Taiwan Fund Stock Performance

The Taiwan Fund stock traded up $0.19 during trading hours on Monday, hitting $30.42. 18,538 shares of the stock traded hands, compared to its average volume of 22,392. The Taiwan Fund has a one year low of $26.45 and a one year high of $47.24. The firm’s 50-day moving average price is $35.12 and its two-hundred day moving average price is $40.02.

Institutional Investors Weigh In On The Taiwan Fund

Several hedge funds have recently made changes to their positions in TWN. Blue Bell Private Wealth Management LLC raised its holdings in The Taiwan Fund by 20.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,366 shares of the company’s stock worth $91,000 after purchasing an additional 400 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of The Taiwan Fund in the 4th quarter worth about $206,000. Virtu Financial LLC bought a new position in shares of The Taiwan Fund in the 4th quarter worth about $216,000. HighTower Advisors LLC increased its stake in shares of The Taiwan Fund by 5.9% in the 3rd quarter. HighTower Advisors LLC now owns 5,831 shares of the company’s stock worth $255,000 after acquiring an additional 324 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in The Taiwan Fund during the 4th quarter valued at about $268,000.

The Taiwan Fund Company Profile

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.