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

Taiwan Fund, Inc. (The) (NYSE:TWN) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,000 shares, a drop of 33.3% from the September 15th total of 3,000 shares. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TWN. Osaic Holdings Inc. raised its position in Taiwan Fund by 40.8% in the second quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after acquiring an additional 309 shares in the last quarter. Rock Creek Group LP purchased a new position in Taiwan Fund in the second quarter worth $255,000. Banque Cantonale Vaudoise purchased a new position in Taiwan Fund in the first quarter worth $830,000. Shaker Financial Services LLC raised its position in Taiwan Fund by 22.2% in the first quarter. Shaker Financial Services LLC now owns 43,272 shares of the company’s stock worth $1,437,000 after acquiring an additional 7,861 shares in the last quarter. Finally, Quantedge Capital Pte Ltd raised its position in Taiwan Fund by 2.1% in the second quarter. Quantedge Capital Pte Ltd now owns 37,037 shares of the company’s stock worth $1,660,000 after acquiring an additional 765 shares in the last quarter.

Taiwan Fund Stock Up 0.6%

Shares of NYSE TWN opened at $56.58 on Wednesday. The stock has a fifty day moving average price of $52.69 and a 200 day moving average price of $43.95. Taiwan Fund has a 1-year low of $26.45 and a 1-year high of $57.01.

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.