Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 64,800 shares, an increase of 96.4% from the March 31st total of 33,000 shares. Based on an average daily volume of 98,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.
Institutional Investors Weigh In On Templeton Dragon Fund
A number of institutional investors and hedge funds have recently made changes to their positions in TDF. Dakota Wealth Management increased its stake in 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 worth $174,000 after acquiring an additional 1,173 shares during the last quarter. Calamos Advisors LLC raised its stake in Templeton Dragon Fund by 55.1% in the first quarter. Calamos Advisors LLC now owns 25,356 shares of the financial services provider's stock valued at $246,000 after purchasing an additional 9,007 shares in the last quarter. Matisse Capital raised its stake in Templeton Dragon Fund by 4.0% in the first quarter. Matisse Capital now owns 342,000 shares of the financial services provider's stock valued at $3,317,000 after purchasing an additional 13,000 shares in the last quarter. Uncommon Cents Investing LLC grew its stake in Templeton Dragon Fund by 3.9% in the 1st quarter. Uncommon Cents Investing LLC now owns 507,410 shares of the financial services provider's stock worth $4,922,000 after buying an additional 19,170 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in Templeton Dragon Fund by 26.6% in the 1st quarter. 180 Wealth Advisors LLC now owns 221,033 shares of the financial services provider's stock worth $2,144,000 after buying an additional 46,509 shares in the last quarter. Hedge funds and other institutional investors own 47.20% of the company's stock.
Templeton Dragon Fund Trading Up 2.3 %
Shares of Templeton Dragon Fund stock traded up $0.21 on Friday, reaching $9.39. The stock had a trading volume of 137,214 shares, compared to its average volume of 72,907. The business's 50 day moving average is $9.37 and its two-hundred day moving average is $8.95. Templeton Dragon Fund has a 1 year low of $7.49 and a 1 year high of $10.41.
Templeton Dragon Fund Cuts Dividend
The company also recently declared a -- dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.10 dividend. The ex-dividend date was Monday, March 17th. This represents a dividend yield of 2.2%.
About Templeton Dragon Fund
(
Get Free Report)
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.
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