Templeton Dragon Fund, Inc. (NYSE:TDF - Get Free Report) was the target of a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 107,700 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company's shares are sold short.
Templeton Dragon Fund Stock Down 1.8 %
TDF stock traded down $0.18 during midday trading on Friday, hitting $9.74. The stock had a trading volume of 65,752 shares, compared to its average volume of 70,748. The company's 50-day moving average price is $9.35 and its 200 day moving average price is $8.90. 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 firm also recently announced a -- dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a yield of 2.2%.
Institutional Investors Weigh In On Templeton Dragon Fund
A number of institutional investors have recently bought and sold shares of TDF. Wolverine Asset Management LLC increased its stake in 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 acquiring an additional 100,819 shares during the last quarter. HighTower Advisors LLC increased its position in Templeton Dragon Fund by 7.2% during the 3rd 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 in the last quarter. 180 Wealth Advisors LLC raised its holdings in 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 valued at $1,482,000 after buying an additional 71,032 shares during the period. Calamos Advisors LLC acquired a new position in Templeton Dragon Fund during the fourth quarter valued at approximately $139,000. Finally, Matisse Capital acquired a new position in Templeton Dragon Fund during the fourth quarter valued at approximately $2,793,000. 47.20% of the stock is currently owned by hedge funds and other institutional investors.
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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