The Taiwan Fund, Inc. (NYSE:TWN) Sees Large Decline in Short Interest

The Taiwan Fund, Inc. (NYSE:TWN) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 4,800 shares, a decrease of 44.8% from the November 30th total of 8,700 shares. Based on an average daily trading volume, of 20,900 shares, the days-to-cover ratio is currently 0.2 days.

The Taiwan Fund Stock Performance

TWN stock opened at $46.72 on Friday. The company has a fifty day moving average of $44.58 and a 200-day moving average of $43.56. The Taiwan Fund has a one year low of $33.22 and a one year high of $47.24.

The Taiwan Fund Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a $7.3984 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a yield of 16.17%. This is an increase from The Taiwan Fund’s previous annual dividend of $0.44.

Institutional Investors Weigh In On The Taiwan Fund

A number of institutional investors have recently added to or reduced their stakes in TWN. Rothschild Investment LLC purchased a new stake in shares of The Taiwan Fund in the second quarter valued at approximately $52,000. Walleye Capital LLC purchased a new stake in shares of The Taiwan Fund during the 3rd quarter worth $220,000. HighTower Advisors LLC grew its stake in shares of The Taiwan Fund by 5.9% during the 3rd quarter. HighTower Advisors LLC now owns 5,831 shares of the company’s stock worth $255,000 after purchasing an additional 324 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of The Taiwan Fund by 1.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 17,653 shares of the company’s stock valued at $775,000 after purchasing an additional 222 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in The Taiwan Fund during the second quarter worth about $819,000.

About The Taiwan Fund

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.