Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 3,800 shares, a decrease of 20.8% from the March 31st total of 4,800 shares. Based on an average trading volume of 55,300 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Templeton Dragon Fund
Several institutional investors and hedge funds have recently bought and sold shares of TDF. PNC Financial Services Group Inc. raised its stake in Templeton Dragon Fund by 336.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider's stock valued at $96,000 after buying an additional 9,042 shares during the period. Wolverine Asset Management LLC bought a new stake in Templeton Dragon Fund in the third quarter valued at approximately $236,000. Quarry LP bought a new stake in Templeton Dragon Fund in the fourth quarter valued at approximately $309,000. 1607 Capital Partners LLC raised its stake in Templeton Dragon Fund by 54.2% in the third quarter. 1607 Capital Partners LLC now owns 115,477 shares of the financial services provider's stock valued at $986,000 after buying an additional 40,600 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Templeton Dragon Fund by 754.3% during the fourth quarter. International Assets Investment Management LLC now owns 187,167 shares of the financial services provider's stock worth $1,529,000 after purchasing an additional 165,258 shares during the period. Institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Stock Performance
TDF traded up $0.13 on Friday, hitting $8.22. 29,403 shares of the company were exchanged, compared to its average volume of 44,124. Templeton Dragon Fund has a 12 month low of $7.15 and a 12 month high of $10.13. The stock's fifty day moving average is $7.88 and its 200-day moving average is $7.99.
About Templeton Dragon Fund
(
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Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.
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