Templeton Dragon Fund, Inc. (NYSE:TDF) Sees Large Increase in Short Interest

Key Points

• The Templeton Dragon Fund, Inc. (NYSE:TDF) experienced a significant increase in short interest, rising 67% from 11,200 to 18,700 shares by the end of July.
• Institutional investors own 47.20% of the stock, with notable changes including 180 Wealth Advisors LLC increasing its stake by 26.6% in the first quarter.
• The company declared a quarterly dividend of $0.10, providing an annualized dividend yield of 3.7% as of June 30th.

Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 18,700 shares, anincreaseof67.0% from the July 15th total of 11,200 shares. Based on an average daily volume of 45,100 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.1% of the shares of the company are sold short. Currently,0.1% of the shares of the company are sold short. Based on an average daily volume of 45,100 shares, the days-to-cover ratio is presently 0.4 days.

Templeton Dragon Fund Price Performance

Templeton Dragon Fund stock traded up $0.4350 during trading on Friday, reaching $11.1250. The company had a trading volume of 115,580 shares, compared to its average volume of 29,013. Templeton Dragon Fund has a 52 week low of $7.54 and a 52 week high of $11.16. The firm's 50-day simple moving average is $10.22 and its 200 day simple moving average is $9.71.

Templeton Dragon Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 16th.

Institutional Investors Weigh In On Templeton Dragon Fund

A number of institutional investors have recently bought and sold shares of TDF. Elequin Capital LP bought a new stake in Templeton Dragon Fund during the fourth quarter valued at about $38,000. XTX Topco Ltd bought a new stake in Templeton Dragon Fund during the first quarter valued at about $100,000. Almitas Capital LLC bought a new stake in Templeton Dragon Fund during the fourth quarter valued at about $101,000. Diversified Enterprises LLC bought a new stake in Templeton Dragon Fund during the second quarter valued at about $113,000. Finally, Dakota Wealth Management raised its holdings in Templeton Dragon Fund by 7.0% during the first quarter. Dakota Wealth Management now owns 17,946 shares of the financial services provider's stock valued at $174,000 after acquiring an additional 1,173 shares during the period. Hedge funds and other institutional investors own 47.20% of the company's stock.

About Templeton Dragon Fund

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.