The Taiwan Fund, Inc. (NYSE:TWN) Sees Significant Increase in Short Interest

The Taiwan Fund, Inc. (NYSE:TWNGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 3,000 shares, a growth of 87.5% from the April 15th total of 1,600 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is currently 0.3 days.

A number of institutional investors and hedge funds have recently made changes to their positions in TWN. Morgan Stanley raised its position in The Taiwan Fund by 114.3% during the first quarter. Morgan Stanley now owns 6,958 shares of the company’s stock valued at $197,000 after purchasing an additional 3,711 shares in the last quarter. Raymond James & Associates raised its position in The Taiwan Fund by 6.4% during the third quarter. Raymond James & Associates now owns 15,207 shares of the company’s stock valued at $535,000 after purchasing an additional 908 shares in the last quarter. Advisor Group Holdings Inc. raised its position in The Taiwan Fund by 5,902.0% during the third quarter. Advisor Group Holdings Inc. now owns 3,001 shares of the company’s stock valued at $106,000 after purchasing an additional 2,951 shares in the last quarter. Wolverine Asset Management LLC raised its position in The Taiwan Fund by 424.6% during the third quarter. Wolverine Asset Management LLC now owns 17,490 shares of the company’s stock valued at $615,000 after purchasing an additional 14,156 shares in the last quarter. Finally, UBS Group AG raised its position in The Taiwan Fund by 2,374.5% during the third quarter. UBS Group AG now owns 11,061 shares of the company’s stock valued at $389,000 after purchasing an additional 10,614 shares in the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.

Shares of TWN stock opened at $26.75 on Friday. The firm has a 50 day moving average price of $30.31 and a two-hundred day moving average price of $34.30. The Taiwan Fund has a 12-month low of $25.98 and a 12-month high of $39.79.

The Taiwan Fund Company Profile (Get Rating)

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by JF International Management Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.

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