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

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 6,339 shares, a drop of 40.7% from the June 15th total of 10,684 shares. Based on an average daily trading volume, of 87,381 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Templeton Dragon Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Templeton Dragon Fund by 29.0% in the 1st quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,000 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Templeton Dragon Fund during the fourth quarter worth about $51,000. Ameriprise Financial Inc. acquired a new position in shares of Templeton Dragon Fund in the third quarter worth approximately $144,000. XTX Topco Ltd acquired a new position in shares of Templeton Dragon Fund in the fourth quarter worth approximately $147,000. Finally, Quantedge Capital Pte Ltd lifted its stake in shares of Templeton Dragon Fund by 10.3% in the first quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock worth $443,000 after acquiring an additional 3,900 shares during the period. 47.20% of the stock is currently owned by institutional investors and hedge funds.

Templeton Dragon Fund Trading Down 2.2%

NYSE TDF traded down $0.24 on Friday, hitting $10.63. The company’s stock had a trading volume of 39,145 shares, compared to its average volume of 81,122. Templeton Dragon Fund has a 1-year low of $10.02 and a 1-year high of $12.20. The company’s 50-day moving average is $10.96 and its 200 day moving average is $11.21.

Templeton Dragon Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.15 dividend. This is a positive change from Templeton Dragon Fund’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

About Templeton Dragon Fund

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.