Taiwan Fund, Inc. (The) (NYSE:TWN) Short Interest Up 92.3% in August

Key Points

• Taiwan Fund, Inc. experienced a significant increase in short interest, rising by 92.3% to 7,500 shares as of August 31st, compared to 3,900 shares on August 15th.
• The stock's price increased by $0.40, reaching $53.61, with a current days-to-cover ratio of 0.8 days.
• Institutional investors have been actively acquiring shares, with Banque Cantonale Vaudoise investing approximately $830,000 in the first quarter alone.

Taiwan Fund, Inc. (The) (NYSE:TWN - ) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 7,500 shares, a growth of 92.3% from the August 15th total of 3,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,300 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 9,300 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are short sold.

Taiwan Fund Price Performance

Shares of NYSE:TWN traded up $0.40 during trading on Friday, hitting $53.61. 936 shares of the stock were exchanged, compared to its average volume of 9,789. The company has a fifty day moving average price of $47.88 and a two-hundred day moving average price of $40.23. Taiwan Fund has a 12-month low of $26.45 and a 12-month high of $54.30.

Institutional Investors Weigh In On Taiwan Fund

Institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in shares of Taiwan Fund by 40.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company's stock worth $48,000 after acquiring an additional 309 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Taiwan Fund during the 4th quarter worth approximately $206,000. Rock Creek Group LP acquired a new position in shares of Taiwan Fund during the 2nd quarter worth approximately $255,000. Janus Henderson Group PLC acquired a new position in shares of Taiwan Fund during the 4th quarter worth approximately $268,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Taiwan Fund during the 1st quarter worth approximately $830,000.

Taiwan Fund Company Profile

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.

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