Templeton Dragon Fund, Inc. (NYSE:TDF) Shares Shorted: Short Interest Down 82.2% in September

Key Points

• Short interest plunged 82.2% in September to 1,246 shares, representing virtually 0.0% of Templeton Dragon Fund’s outstanding stock and a 0.0-day days-to-cover ratio.
• Institutional ownership stands at 47.2%, with several investors initiating or increasing positions, including the Public Employees Retirement System of Ohio and Bank of America.
• TDF shares opened at $9.69, while the fund recently paid a $0.15 quarterly dividend, equivalent to a $0.60 annualized payout and a 6.2% yield.

Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,246 shares, a decrease of 82.2% from the September 15th total of 7,016 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 50,591 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in Templeton Dragon Fund during the second quarter valued at about $184,000. Public Employees Retirement System of Ohio bought a new position in shares of Templeton Dragon Fund during the 2nd quarter valued at about $6,574,000. Bank of America Corp DE bought a new position in shares of Templeton Dragon Fund during the 2nd quarter valued at about $3,107,000. 180 Wealth Advisors LLC raised its holdings in shares of Templeton Dragon Fund by 5.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 329,251 shares of the financial services provider's stock valued at $3,586,000 after buying an additional 16,590 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Templeton Dragon Fund by 29.0% during 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 in the last quarter. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

Templeton Dragon Fund Trading Up 3.0%

NYSE TDF opened at $9.69 on Friday. The business's fifty day moving average is $10.43 and its 200-day moving average is $10.76. Templeton Dragon Fund has a one year low of $9.35 and a one year high of $12.20.

Templeton Dragon Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd were paid a $0.15 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $0.60 annualized dividend and a dividend yield of 6.2%.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc NYSE: TDF is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies with significant business activities in China and related markets. The fund provides investors with a professionally managed portfolio focused on the region's economic growth and corporate sector.

Its investments may include companies incorporated in, listed in, or deriving substantial revenue from mainland China, Hong Kong, and Taiwan.

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