The Taiwan Fund, Inc. (NYSE:TWN – Get Rating) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 1,200 shares, a decline of 60.0% from the April 30th total of 3,000 shares. Based on an average trading volume of 9,500 shares, the days-to-cover ratio is currently 0.1 days.
Shares of NYSE:TWN traded up $0.38 during trading on Friday, hitting $27.36. 8,420 shares of the stock were exchanged, compared to its average volume of 10,427. The Taiwan Fund has a 12-month low of $25.98 and a 12-month high of $39.79. The company has a fifty day moving average price of $29.39 and a two-hundred day moving average price of $33.73.
A number of hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its stake in The Taiwan Fund by 21.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,652 shares of the company’s stock valued at $121,000 after buying an additional 651 shares in the last quarter. Raymond James & Associates lifted its stake in The Taiwan Fund by 3.9% in the 1st quarter. Raymond James & Associates now owns 17,644 shares of the company’s stock valued at $580,000 after buying an additional 664 shares in the last quarter. Herold Advisors Inc. purchased a new stake in The Taiwan Fund in the 1st quarter valued at approximately $39,000. Morgan Stanley lifted its stake in The Taiwan Fund by 114.3% in the 1st quarter. Morgan Stanley now owns 6,958 shares of the company’s stock valued at $197,000 after buying an additional 3,711 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in The Taiwan Fund in the 4th quarter valued at approximately $224,000. 87.35% of the stock is currently owned by hedge funds and other institutional investors.
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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