Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Declines By 33.6%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 8,500 shares, a decrease of 33.6% from the January 15th total of 12,800 shares. Based on an average daily volume of 88,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TDF. Public Employees Retirement System of Ohio bought a new stake in Templeton Dragon Fund in the third quarter worth about $10,922,000. Matisse Capital purchased a new position in shares of Templeton Dragon Fund in the fourth quarter worth about $2,793,000. International Assets Investment Management LLC increased its stake in shares of Templeton Dragon Fund by 855.8% in the third quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock worth $2,014,000 after purchasing an additional 196,913 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Templeton Dragon Fund by 71.4% in the fourth quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider’s stock worth $2,055,000 after purchasing an additional 100,819 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in shares of Templeton Dragon Fund by 68.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock worth $1,482,000 after purchasing an additional 71,032 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 $0.20 during trading hours on Friday, hitting $9.28. 94,901 shares of the company’s stock traded hands, compared to its average volume of 86,207. Templeton Dragon Fund has a 12 month low of $7.49 and a 12 month high of $10.41. The stock’s 50 day simple moving average is $8.61 and its 200 day simple moving average is $8.50.

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.