Templeton Dragon Fund, Inc. (NYSE:TDF) Sees Significant Decrease in Short Interest

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,698 shares, a drop of 78.2% from the July 30th total of 35,368 shares. Based on an average daily volume of 49,931 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Templeton Dragon Fund Stock Up 0.4%

Shares of TDF stock opened at $10.85 on Wednesday. Templeton Dragon Fund has a fifty-two week low of $10.26 and a fifty-two week high of $12.20. The stock’s fifty day moving average price is $10.79 and its two-hundred day moving average price is $11.04.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in 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. Ameriprise Financial Inc. purchased a new position in Templeton Dragon Fund in the third quarter valued at about $144,000. XTX Topco Ltd bought a new position in shares of Templeton Dragon Fund in the 4th quarter worth $147,000. Quantedge Capital Pte Ltd raised its position in shares of Templeton Dragon Fund by 10.3% during the 1st quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock valued at $443,000 after buying an additional 3,900 shares in the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of Templeton Dragon Fund by 3.9% during the 4th quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider’s stock worth $679,000 after acquiring an additional 2,241 shares during the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.

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.