The Taiwan Fund, Inc. (NYSE:TWN - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 9,300 shares, a decrease of 61.1% from the March 31st total of 23,900 shares. Currently, 0.1% of the company's shares are short sold. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is currently 0.4 days.
The Taiwan Fund Price Performance
TWN stock traded up $0.35 during midday trading on Thursday, hitting $32.55. The stock had a trading volume of 849 shares, compared to its average volume of 21,806. The business has a 50-day moving average of $33.19 and a two-hundred day moving average of $38.91. The Taiwan Fund has a 52-week low of $26.45 and a 52-week high of $47.24.
Hedge Funds Weigh In On The Taiwan Fund
A number of hedge funds have recently bought and sold shares of TWN. Matisse Capital lifted its stake in shares of The Taiwan Fund by 1.4% in the 4th quarter. Matisse Capital now owns 70,000 shares of the company's stock worth $2,706,000 after purchasing an additional 1,000 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of The Taiwan Fund by 20.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,366 shares of the company's stock worth $91,000 after purchasing an additional 400 shares during the period. Virtu Financial LLC bought a new position in The Taiwan Fund during the fourth quarter valued at $216,000. LPL Financial LLC purchased a new stake in The Taiwan Fund in the 4th quarter worth about $737,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in The Taiwan Fund in the fourth quarter worth $1,269,000.
About The Taiwan Fund
(
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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.
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