Short Interest in The Taiwan Fund, Inc. (NYSE:TWN) Declines By 28.2%

The Taiwan Fund, Inc. (NYSE:TWN) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 5,100 shares, a decrease of 28.2% from the January 15th total of 7,100 shares. Based on an average trading volume of 25,800 shares, the short-interest ratio is currently 0.2 days.

The Taiwan Fund Price Performance

TWN stock traded up $0.14 during mid-day trading on Friday, reaching $38.47. The company had a trading volume of 25,567 shares, compared to its average volume of 21,841. The Taiwan Fund has a fifty-two week low of $36.07 and a fifty-two week high of $47.24. The firm has a fifty day simple moving average of $40.48 and a 200 day simple moving average of $42.31.

The Taiwan Fund Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a dividend of $7.3984 per share. This represents a yield of 16.17%. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from The Taiwan Fund’s previous annual dividend of $0.44.

Institutional Trading of The Taiwan Fund

Several hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of The Taiwan Fund in the third quarter worth $14,483,000. Matisse Capital lifted its stake in shares of The Taiwan Fund by 1.4% in the fourth quarter. Matisse Capital now owns 70,000 shares of the company’s stock worth $2,706,000 after acquiring an additional 1,000 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in The Taiwan Fund by 5.8% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 68,717 shares of the company’s stock valued at $2,656,000 after buying an additional 3,791 shares in the last quarter. Shaker Financial Services LLC grew its holdings in shares of The Taiwan Fund by 14.3% during the fourth quarter. Shaker Financial Services LLC now owns 35,411 shares of the company’s stock valued at $1,369,000 after purchasing an additional 4,430 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. bought a new position in The Taiwan Fund in the 4th quarter worth approximately $1,269,000.

About The Taiwan Fund

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.