Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 33,000 shares, a decline of 45.0% from the March 15th total of 60,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 108,300 shares, the short-interest ratio is presently 0.3 days.
Hedge Funds Weigh In On Templeton Dragon Fund
A number of hedge funds have recently modified their holdings of the company. Matisse Capital purchased a new position in shares of Templeton Dragon Fund in the fourth quarter worth $2,793,000. Wolverine Asset Management LLC boosted its holdings in shares of Templeton Dragon Fund by 71.4% in the 4th quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider's stock worth $2,055,000 after purchasing an additional 100,819 shares during the period. 180 Wealth Advisors LLC increased its position in Templeton Dragon Fund by 26.6% during the first quarter. 180 Wealth Advisors LLC now owns 221,033 shares of the financial services provider's stock valued at $2,144,000 after acquiring an additional 46,509 shares during the last quarter. Shaker Financial Services LLC raised its position in Templeton Dragon Fund by 13.1% in the 4th quarter. Shaker Financial Services LLC now owns 106,847 shares of the financial services provider's stock worth $907,000 after purchasing an additional 12,352 shares during the period. Finally, Quantedge Capital Pte Ltd raised its holdings in shares of Templeton Dragon Fund by 21.7% in the fourth quarter. Quantedge Capital Pte Ltd now owns 73,416 shares of the financial services provider's stock worth $623,000 after buying an additional 13,100 shares during the period. 47.20% of the stock is currently owned by institutional investors.
Templeton Dragon Fund Stock Performance
Shares of TDF stock traded down $0.04 on Monday, reaching $8.75. The stock had a trading volume of 20,117 shares, compared to its average volume of 72,397. Templeton Dragon Fund has a 1 year low of $7.49 and a 1 year high of $10.41. The company has a 50 day simple moving average of $9.41 and a 200 day simple moving average of $8.97.
Templeton Dragon Fund Cuts Dividend
The business also recently disclosed a -- dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.10 dividend. The ex-dividend date was Monday, March 17th. This represents a dividend yield of 2.2%.
About Templeton Dragon Fund
(
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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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