The Taiwan Fund, Inc. (NYSE:TWN) Sees Large Growth in Short Interest

The Taiwan Fund, Inc. (NYSE:TWN - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 12,100 shares, an increase of 450.0% from the April 30th total of 2,200 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 26,500 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On The Taiwan Fund

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in shares of The Taiwan Fund during the 1st quarter valued at about $2,325,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of The Taiwan Fund in the 4th quarter valued at approximately $1,269,000. Banque Cantonale Vaudoise purchased a new position in shares of The Taiwan Fund in the 1st quarter valued at approximately $830,000. LPL Financial LLC purchased a new position in shares of The Taiwan Fund in the 4th quarter valued at approximately $737,000. Finally, Shaker Financial Services LLC lifted its stake in shares of The Taiwan Fund by 22.2% in the 1st quarter. Shaker Financial Services LLC now owns 43,272 shares of the company's stock valued at $1,437,000 after purchasing an additional 7,861 shares during the period.

The Taiwan Fund Stock Up 0.7%

Shares of NYSE TWN traded up $0.28 during trading on Friday, reaching $37.76. 46,104 shares of the stock traded hands, compared to its average volume of 22,403. The Taiwan Fund has a 52-week low of $26.45 and a 52-week high of $47.24. The company has a 50-day moving average of $33.22 and a 200-day moving average of $37.58.

The 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.