Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Update

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 12,611 shares, a growth of 98.9% from the June 30th total of 6,339 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 72,210 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of institutional investors have recently made changes to their positions in TDF. Royal Bank of Canada boosted its stake in shares of Templeton Dragon Fund by 29.0% during the first quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock valued at $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% in 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 in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Templeton Dragon Fund by 3.8% during the 4th 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 last quarter. Bank of America Corp DE boosted its stake in shares of Templeton Dragon Fund by 1.2% during the 3rd quarter. Bank of America Corp DE now owns 251,503 shares of the financial services provider’s stock worth $2,930,000 after purchasing an additional 3,083 shares during the last quarter. Finally, Quantedge Capital Pte Ltd grew its holdings in shares of Templeton Dragon Fund by 10.3% during the first quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock worth $443,000 after buying an additional 3,900 shares in the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Trading Up 0.3%

Shares of TDF traded up $0.03 during mid-day trading on Thursday, reaching $10.71. 47,418 shares of the company’s stock were exchanged, compared to its average volume of 54,522. Templeton Dragon Fund has a 52-week low of $10.02 and a 52-week high of $12.20. The company has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $11.15.

Templeton Dragon Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.15 per share. This is a boost from Templeton Dragon Fund’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, June 23rd. This represents a $0.60 dividend on an annualized basis 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.