Short Interest in Taiwan Fund, Inc. (The) (NYSE:TWN) Drops By 28.9%

Taiwan Fund, Inc. (The) (NYSE:TWN - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 8,600 shares, a drop of 28.9% from the May 15th total of 12,100 shares. Based on an average daily trading volume, of 24,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company's shares are short sold.

Taiwan Fund Stock Performance

Shares of TWN stock traded up $1.05 during trading on Wednesday, hitting $42.96. 21,754 shares of the company were exchanged, compared to its average volume of 22,080. The business's 50-day simple moving average is $35.37 and its 200 day simple moving average is $37.34. Taiwan Fund has a twelve month low of $26.45 and a twelve month high of $47.24.

Hedge Funds Weigh In On Taiwan Fund

A number of institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its holdings in shares of Taiwan Fund by 20.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,366 shares of the company's stock worth $91,000 after purchasing an additional 400 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Taiwan Fund in the 4th quarter valued at about $206,000. Virtu Financial LLC bought a new stake in shares of Taiwan Fund in the 4th quarter valued at about $216,000. Janus Henderson Group PLC bought a new stake in Taiwan Fund during the 4th quarter worth approximately $268,000. Finally, Almitas Capital LLC increased its stake in Taiwan Fund by 12.7% during the 4th quarter. Almitas Capital LLC now owns 8,547 shares of the company's stock worth $330,000 after purchasing an additional 962 shares in the last quarter.

About Taiwan Fund

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.