Taiwan Fund, Inc. (The) (NYSE:TWN) Short Interest Up 116.8% in June

Taiwan Fund, Inc. (The) (NYSE:TWN) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 11,781 shares, a growth of 116.8% from the May 31st total of 5,435 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 67,298 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quantedge Capital Pte Ltd lifted its position in shares of Taiwan Fund by 7.4% during the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after buying an additional 1,000 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in Taiwan Fund in the 4th quarter worth about $915,000. Lazard Asset Management LLC increased its holdings in Taiwan Fund by 3.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after acquiring an additional 41,221 shares during the last quarter. Osaic Holdings Inc. raised its stake in 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 acquiring an additional 309 shares during the period. Finally, Karpus Management Inc. raised its stake in Taiwan Fund by 86.4% in the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after acquiring an additional 42,256 shares during the period.

Taiwan Fund Price Performance

Taiwan Fund stock traded down $1.80 during trading on Wednesday, hitting $94.37. The stock had a trading volume of 37,979 shares, compared to its average volume of 41,018. The stock’s 50 day moving average is $94.58 and its two-hundred day moving average is $72.92. Taiwan Fund has a 1 year low of $44.36 and a 1 year high of $105.09.

About Taiwan Fund

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.