Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Up 435.7% in March

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 60,000 shares, a growth of 435.7% from the February 28th total of 11,200 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 107,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Templeton Dragon Fund

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Templeton Dragon Fund during the third quarter worth about $10,922,000. Matisse Capital purchased a new stake in Templeton Dragon Fund during the 4th quarter valued at approximately $2,793,000. Wolverine Asset Management LLC raised its position in shares of Templeton Dragon Fund by 71.4% during the fourth quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider’s stock valued at $2,055,000 after buying an additional 100,819 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings 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 buying an additional 71,032 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its position in shares of Templeton Dragon Fund by 13.1% during the fourth quarter. Shaker Financial Services LLC now owns 106,847 shares of the financial services provider’s stock worth $907,000 after acquiring an additional 12,352 shares during the last quarter. Hedge funds and other institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Price Performance

NYSE:TDF traded down $0.18 during trading hours on Friday, hitting $9.75. 37,028 shares of the stock traded hands, compared to its average volume of 108,594. Templeton Dragon Fund has a 1 year low of $7.49 and a 1 year high of $10.41. The stock has a 50 day moving average price of $9.33 and a 200 day moving average price of $8.88.

Templeton Dragon Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.10 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, March 17th.

About Templeton Dragon Fund

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.