Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 11,200 shares, an increase of 38.3% from the February 13th total of 8,100 shares. Based on an average daily volume of 103,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.
Templeton Dragon Fund Stock Performance
Shares of NYSE:TDF traded down $0.22 during midday trading on Thursday, hitting $10.06. 77,327 shares of the stock were exchanged, compared to its average volume of 70,854. The business's 50-day moving average price is $9.16 and its 200 day moving average price is $8.81. Templeton Dragon Fund has a 12 month low of $7.49 and a 12 month high of $10.41.
Templeton Dragon Fund Cuts Dividend
The business also recently announced a -- dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.10 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 17th.
Hedge Funds Weigh In On Templeton Dragon Fund
Several institutional investors have recently added to or reduced their stakes in TDF. Public Employees Retirement System of Ohio acquired a new position in Templeton Dragon Fund in the third quarter valued at approximately $10,922,000. Matisse Capital acquired a new position in shares of Templeton Dragon Fund during the fourth quarter worth 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 worth $2,055,000 after purchasing an additional 100,819 shares during the period. 180 Wealth Advisors LLC raised its position in shares of Templeton Dragon Fund by 68.6% during 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 during the period. Finally, Cohen & Steers Inc. acquired a new position in shares of Templeton Dragon Fund during the fourth quarter worth approximately $255,000. 47.20% of the stock is owned by institutional investors and hedge funds.
Templeton Dragon Fund Company Profile
(
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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.
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