Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Update

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 - ) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 18,700 shares, agrowthof67.0% from the July 15th total of 11,200 shares. Based on an average daily trading volume, of 45,100 shares, the short-interest ratio is currently 0.4 days. Currently,0.1% of the company's shares are sold short. Currently,0.1% of the company's shares are sold short. Based on an average daily trading volume, of 45,100 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Templeton Dragon Fund

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in Templeton Dragon Fund in the 1st quarter valued at $100,000. 180 Wealth Advisors LLC lifted its position 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 valued at $2,144,000 after acquiring an additional 46,509 shares in the last quarter. Wells Fargo & Company MN lifted its position in Templeton Dragon Fund by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 1,107 shares in the last quarter. Almitas Capital LLC bought a new stake in Templeton Dragon Fund in the 4th quarter valued at $101,000. Finally, CSS LLC IL lifted its position in Templeton Dragon Fund by 6.8% in the 4th quarter. CSS LLC IL now owns 31,274 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 2,000 shares in the last quarter. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Price Performance

Shares of TDF stock traded up $0.09 on Monday, hitting $10.69. The stock had a trading volume of 14,097 shares, compared to its average volume of 30,085. Templeton Dragon Fund has a twelve month low of $7.54 and a twelve month high of $10.74. The company has a fifty day moving average price of $10.16 and a two-hundred day moving average price of $9.67.

Templeton Dragon Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.40 annualized dividend and a dividend yield of 3.7%.

Templeton Dragon Fund Company Profile

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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