Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Update

Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 6,900 shares, a decrease of 65.0% from the November 30th total of 19,700 shares. Based on an average daily volume of 87,700 shares, the short-interest ratio is presently 0.1 days.

Templeton Dragon Fund Stock Performance

Shares of TDF remained flat at $8.77 during midday trading on Thursday. 34,307 shares of the stock traded hands, compared to its average volume of 61,008. Templeton Dragon Fund has a 1-year low of $7.15 and a 1-year high of $10.41. The company's 50-day moving average is $8.73 and its 200 day moving average is $8.35.

Hedge Funds Weigh In On Templeton Dragon Fund

Several hedge funds have recently bought and sold shares of TDF. HighTower Advisors LLC grew its holdings in shares of Templeton Dragon Fund by 7.2% in the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider's stock worth $192,000 after purchasing an additional 1,449 shares during the last quarter. US Bancorp DE purchased a new position in Templeton Dragon Fund during the 3rd quarter valued at about $33,000. Dakota Wealth Management bought a new stake in shares of Templeton Dragon Fund in the 3rd quarter valued at about $154,000. Shaker Financial Services LLC lifted its position in shares of Templeton Dragon Fund by 38.0% in the 2nd quarter. Shaker Financial Services LLC now owns 99,946 shares of the financial services provider's stock worth $802,000 after purchasing an additional 27,509 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in shares of Templeton Dragon Fund by 1,622.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 65,107 shares of the financial services provider's stock worth $522,000 after purchasing an additional 61,327 shares during the period. Institutional investors own 47.20% of the company's stock.

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.