Templeton Dragon Fund, Inc. (NYSE:TDF) Sees Large Growth in Short Interest

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 11,900 shares, a growth of 29.3% from the June 30th total of 9,200 shares. Based on an average daily trading volume, of 41,800 shares, the short-interest ratio is presently 0.3 days.

Templeton Dragon Fund Stock Performance

TDF opened at $7.78 on Tuesday. Templeton Dragon Fund has a twelve month low of $7.15 and a twelve month high of $10.13. The business has a 50 day moving average price of $8.15 and a 200 day moving average price of $7.98.

Institutional Trading of Templeton Dragon Fund

Several large investors have recently modified their holdings of TDF. City of London Investment Management Co. Ltd. lifted its position in Templeton Dragon Fund by 4.5% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 8,290,745 shares of the financial services provider’s stock worth $65,165,000 after acquiring an additional 356,761 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Templeton Dragon Fund by 6.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,185,826 shares of the financial services provider’s stock worth $17,530,000 after purchasing an additional 127,682 shares during the last quarter. Karpus Management Inc. boosted its stake in Templeton Dragon Fund by 64.0% during the 1st quarter. Karpus Management Inc. now owns 587,135 shares of the financial services provider’s stock valued at $4,615,000 after purchasing an additional 229,046 shares during the period. Uncommon Cents Investing LLC boosted its stake in Templeton Dragon Fund by 0.3% during the 1st quarter. Uncommon Cents Investing LLC now owns 478,461 shares of the financial services provider’s stock valued at $3,761,000 after purchasing an additional 1,450 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Templeton Dragon Fund by 754.3% in the 4th quarter. International Assets Investment Management LLC now owns 187,167 shares of the financial services provider’s stock valued at $1,529,000 after buying an additional 165,258 shares during the last quarter. 47.20% of the stock is owned by institutional investors.

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.