Templeton Dragon Fund, Inc. (NYSE:TDF – Get Free Report) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 8,500 shares, a drop of 33.6% from the January 15th total of 12,800 shares. Based on an average daily volume of 88,800 shares, the short-interest ratio is presently 0.1 days.
Templeton Dragon Fund Stock Up 1.3 %
Templeton Dragon Fund stock opened at $9.25 on Friday. The firm’s 50-day moving average is $8.59 and its two-hundred day moving average is $8.48. Templeton Dragon Fund has a 12-month low of $7.49 and a 12-month high of $10.41.
Institutional Investors Weigh In On Templeton Dragon Fund
Hedge funds have recently modified their holdings of the stock. US Bancorp DE acquired a new stake in shares of Templeton Dragon Fund in the third quarter worth approximately $33,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Templeton Dragon Fund in the fourth quarter worth approximately $92,000. Calamos Advisors LLC acquired a new stake in shares of Templeton Dragon Fund in the fourth quarter worth approximately $139,000. Dakota Wealth Management acquired a new stake in shares of Templeton Dragon Fund in the third quarter worth approximately $154,000. Finally, Wells Fargo & Company MN boosted its position in shares of Templeton Dragon Fund by 5.6% in the fourth quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 1,107 shares during the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.
About Templeton Dragon Fund
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.
Read More
- Five stocks we like better than Templeton Dragon Fund
- How to Calculate Inflation Rate
- Watch These 3 Stocks—High Short Interest and Big Upside Potential
- High Flyers: 3 Natural Gas Stocks for March 2022
- Cisco Roars Back: Is the Tech Giant Reborn?
- How to Profit From Growth Investing
- Albemarle’s Earnings Are In—Is the Stock a Buy Now?
Receive News & Ratings for Templeton Dragon Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Templeton Dragon Fund and related companies with MarketBeat.com's FREE daily email newsletter.
