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

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 60,000 shares, an increase of 435.7% from the February 28th total of 11,200 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 107,700 shares, the short-interest ratio is currently 0.6 days.

Templeton Dragon Fund Trading Up 1.2 %

NYSE:TDF traded up $0.12 during trading hours on Thursday, reaching $9.92. 52,723 shares of the company’s stock were exchanged, compared to its average volume of 70,428. Templeton Dragon Fund has a 12 month low of $7.49 and a 12 month high of $10.41. The business’s 50-day simple moving average is $9.29 and its two-hundred day simple moving average is $8.87.

Templeton Dragon Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders 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 is Monday, March 17th.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of hedge funds have recently modified their holdings of the stock. Elequin Capital LP acquired a new position in shares of Templeton Dragon Fund in the 4th quarter valued at $38,000. Landscape Capital Management L.L.C. purchased a new stake in Templeton Dragon Fund during the fourth quarter valued at about $92,000. Almitas Capital LLC acquired a new position in shares of Templeton Dragon Fund in the fourth quarter worth about $101,000. Calamos Advisors LLC purchased a new position in shares of Templeton Dragon Fund in the fourth quarter worth approximately $139,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Templeton Dragon Fund by 5.6% during the fourth quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 1,107 shares during the period. 47.20% of the stock is currently owned by institutional investors and hedge funds.

Templeton Dragon Fund Company Profile

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.