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

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 19,200 shares, an increase of 860.0% from the October 31st total of 2,000 shares. Based on an average trading volume of 72,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Templeton Dragon Fund

A number of institutional investors and hedge funds have recently bought and sold shares of TDF. International Assets Investment Management LLC increased its position in shares of Templeton Dragon Fund by 855.8% in the 3rd quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock valued at $2,014,000 after purchasing an additional 196,913 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Templeton Dragon Fund by 6.2% during the second 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. City of London Investment Management Co. Ltd. boosted its holdings in shares of Templeton Dragon Fund by 1.6% in the second quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock valued at $67,552,000 after acquiring an additional 132,137 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Templeton Dragon Fund by 116.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 141,244 shares of the financial services provider’s stock valued at $1,294,000 after acquiring an additional 76,137 shares during the period. Finally, US Bancorp DE acquired a new position in Templeton Dragon Fund in the third quarter valued at $33,000. 47.20% of the stock is currently owned by hedge funds and other institutional investors.

Templeton Dragon Fund Stock Up 2.2 %

Shares of NYSE:TDF traded up $0.18 during midday trading on Wednesday, reaching $8.49. 33,217 shares of the company’s stock were exchanged, compared to its average volume of 58,478. The firm’s 50 day simple moving average is $8.89 and its two-hundred day simple moving average is $8.33. Templeton Dragon Fund has a fifty-two week low of $7.15 and a fifty-two week high of $10.41.

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.