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

The Taiwan Fund, Inc. (NYSE:TWN) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,300 shares, an increase of 76.7% from the February 28th total of 3,000 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of The Taiwan Fund

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in The Taiwan Fund in the third quarter worth $14,483,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of The Taiwan Fund during the fourth quarter valued at $1,269,000. LPL Financial LLC bought a new position in shares of The Taiwan Fund during the fourth quarter worth about $737,000. Quantedge Capital Pte Ltd increased its holdings in shares of The Taiwan Fund by 41.8% in the 4th quarter. Quantedge Capital Pte Ltd now owns 25,081 shares of the company’s stock worth $969,000 after acquiring an additional 7,395 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of The Taiwan Fund in the 4th quarter worth about $268,000.

The Taiwan Fund Stock Performance

TWN stock traded down $1.04 during midday trading on Friday, reaching $33.85. The company had a trading volume of 77,675 shares, compared to its average volume of 21,390. The stock has a 50 day moving average price of $37.06 and a 200 day moving average price of $41.13. The Taiwan Fund has a fifty-two week low of $33.13 and a fifty-two week high of $47.24.

The 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.