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

Key Points

• Short interest in Templeton Dragon Fund, Inc. increased by 109.0% in August, totaling 30,100 shares as of August 31st, indicating a notable rise in bearish sentiment.
• Hedge funds and institutional investors currently own 47.20% of the fund, with recent purchases totaling over $479,000 from various investors in the last few quarters.
• The company declared a quarterly dividend of $0.10 per share, resulting in an annualized yield of 3.5%, with payment scheduled for September 30th.

Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 30,100 shares, a growth of 109.0% from the August 15th total of 14,400 shares. Based on an average daily volume of 40,200 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 40,200 shares, the days-to-cover ratio is presently 0.7 days.

Templeton Dragon Fund Stock Performance

Shares of TDF remained flat at $11.47 during midday trading on Friday. The stock had a trading volume of 20,130 shares, compared to its average volume of 75,665. The business has a 50-day moving average price of $10.77 and a 200-day moving average price of $10.00. Templeton Dragon Fund has a 1 year low of $7.80 and a 1 year high of $11.95.

Templeton Dragon Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, September 18th.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of hedge funds and other institutional investors have recently modified their holdings of TDF. Elequin Capital LP purchased a new position in shares of Templeton Dragon Fund in the 4th quarter worth about $38,000. XTX Topco Ltd bought a new stake in shares of Templeton Dragon Fund in the 1st quarter valued at about $100,000. Diversified Enterprises LLC bought a new stake in shares of Templeton Dragon Fund in the 2nd quarter valued at about $113,000. Dakota Wealth Management lifted its stake in shares of Templeton Dragon Fund by 7.0% in the 1st quarter. Dakota Wealth Management now owns 17,946 shares of the financial services provider's stock valued at $174,000 after acquiring an additional 1,173 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Templeton Dragon Fund in the 2nd quarter valued at about $228,000. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

About Templeton Dragon Fund

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.