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

Taiwan Fund, Inc. (The) (NYSE:TWN) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,078 shares, a decline of 66.5% from the August 15th total of 6,195 shares. Based on an average trading volume of 27,437 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Taiwan Fund in the second quarter valued at approximately $10,391,000. Hudson Portfolio Management LLC acquired a new stake in shares of Taiwan Fund in the second quarter valued at approximately $625,000. Evolve Private Wealth LLC acquired a new stake in shares of Taiwan Fund during the 2nd quarter worth about $1,533,000. Lazard Asset Management LLC lifted its position in Taiwan Fund by 3.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after buying an additional 41,221 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Taiwan Fund by 40.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock valued at $48,000 after purchasing an additional 309 shares during the last quarter.

Taiwan Fund Price Performance

Shares of NYSE TWN traded up $2.85 during midday trading on Friday, reaching $103.21. 24,822 shares of the company’s stock traded hands, compared to its average volume of 27,783. The stock’s 50 day simple moving average is $94.03 and its 200-day simple moving average is $86.36. Taiwan Fund has a one year low of $51.37 and a one year high of $108.83.

Taiwan Fund Company Profile

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.