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

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 35,368 shares, an increase of 180.5% from the July 15th total of 12,611 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 59,486 shares, the days-to-cover ratio is presently 0.6 days.

Templeton Dragon Fund Stock Performance

TDF stock opened at $10.87 on Friday. Templeton Dragon Fund has a twelve month low of $10.26 and a twelve month high of $12.20. The stock’s 50 day moving average is $10.77 and its 200-day moving average is $11.09.

Templeton Dragon Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, June 23rd. This is an increase from Templeton Dragon Fund’s previous quarterly dividend of $0.10.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of hedge funds have recently bought and sold shares of TDF. Allspring Global Investments Holdings LLC lifted its position in shares of Templeton Dragon Fund by 14.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock valued at $20,609,000 after purchasing an additional 238,581 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Templeton Dragon Fund during the fourth quarter worth about $694,000. 1607 Capital Partners LLC boosted its holdings in Templeton Dragon Fund by 50.9% during the fourth quarter. 1607 Capital Partners LLC now owns 163,411 shares of the financial services provider’s stock worth $1,840,000 after purchasing an additional 55,093 shares during the last quarter. 180 Wealth Advisors LLC grew its position in Templeton Dragon Fund by 5.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 312,661 shares of the financial services provider’s stock worth $3,317,000 after purchasing an additional 15,084 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Templeton Dragon Fund by 10.7% in the 1st quarter. Bank of America Corp DE now owns 283,616 shares of the financial services provider’s stock worth $3,009,000 after purchasing an additional 27,428 shares in the last quarter. 47.20% of the stock is owned by hedge funds and other institutional investors.

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.