Taiwan Fund, Inc. (The) (NYSE:TWN) Short Interest Up 62.5% in August

Key Points

• Taiwan Fund, Inc. experienced a significant increase in short interest, rising by 62.5% from July to August, with total short interest reaching 3,900 shares.
• Institutional investors such as Osaic Holdings Inc. and Matisse Capital have increased their stakes in the Taiwan Fund, indicating a growing confidence in the fund's performance.
• The stock price of Taiwan Fund has shown recent gains, trading up 1.2% to $51.10, while its twelve-month high is at $52.31.

Taiwan Fund, Inc. (The) (NYSE:TWN - Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,900 shares, an increase of 62.5% from the July 31st total of 2,400 shares. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is currently 0.3 days.

Taiwan Fund Price Performance

NYSE:TWN traded down $0.31 during trading hours on Thursday, hitting $53.21. 17,487 shares of the stock traded hands, compared to its average volume of 9,370. The firm has a 50 day moving average price of $47.72 and a 200 day moving average price of $40.11. Taiwan Fund has a fifty-two week low of $26.45 and a fifty-two week high of $54.30.

Institutional Trading of Taiwan Fund

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings in shares of Taiwan Fund by 40.8% during the second quarter. Osaic Holdings Inc. now owns 1,067 shares of the company's stock worth $48,000 after purchasing an additional 309 shares during the period. CSS LLC IL boosted its holdings in shares of Taiwan Fund by 1.5% during the fourth quarter. CSS LLC IL now owns 49,394 shares of the company's stock worth $1,909,000 after purchasing an additional 732 shares during the period. Quantedge Capital Pte Ltd boosted its holdings in shares of Taiwan Fund by 2.1% during the second quarter. Quantedge Capital Pte Ltd now owns 37,037 shares of the company's stock worth $1,660,000 after purchasing an additional 765 shares during the period. Matisse Capital boosted its holdings in shares of Taiwan Fund by 7.1% during the first quarter. Matisse Capital now owns 75,000 shares of the company's stock worth $2,491,000 after purchasing an additional 5,000 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Taiwan Fund during the fourth quarter worth approximately $206,000.

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.