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

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 15,760 shares, a growth of 104.7% from the August 15th total of 7,698 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 38,260 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Templeton Dragon Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Templeton Dragon Fund during the second quarter worth $184,000. Public Employees Retirement System of Ohio acquired a new stake in Templeton Dragon Fund in the second quarter valued at $6,574,000. Bank of America Corp DE acquired a new stake in Templeton Dragon Fund in the second quarter valued at $3,107,000. 180 Wealth Advisors LLC grew its position in shares of Templeton Dragon Fund by 5.3% in the 2nd quarter. 180 Wealth Advisors LLC now owns 329,251 shares of the financial services provider’s stock valued at $3,586,000 after acquiring an additional 16,590 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Templeton Dragon Fund by 29.0% in the 1st quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,000 shares during the period. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Stock Performance

TDF traded up $0.01 on Monday, hitting $10.40. 64,642 shares of the company were exchanged, compared to its average volume of 73,369. Templeton Dragon Fund has a 12 month low of $10.25 and a 12 month high of $12.20. The stock’s fifty day moving average is $10.78 and its 200-day moving average is $10.94.

Templeton Dragon Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.8%.

Templeton Dragon Fund Company Profile

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.