Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Drops By 23.0%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 14,400 shares, a decrease of 23.0% from the July 31st total of 18,700 shares. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is presently 0.4 days.

Templeton Dragon Fund Stock Performance

Shares of TDF stock opened at $11.38 on Wednesday. The firm’s 50 day moving average price is $10.52 and its 200-day moving average price is $9.89. Templeton Dragon Fund has a one year low of $7.54 and a one year high of $11.45.

Templeton Dragon Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Thursday, September 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, September 18th.

Hedge Funds Weigh In On Templeton Dragon Fund

Several large investors have recently made changes to their positions in TDF. Dakota Wealth Management increased its position in shares of Templeton Dragon Fund by 7.0% in the 1st quarter. Dakota Wealth Management now owns 17,946 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 1,173 shares during the last quarter. CSS LLC IL increased its position in shares of Templeton Dragon Fund by 6.8% in the 4th quarter. CSS LLC IL now owns 31,274 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 2,000 shares during the last quarter. Elequin Capital LP purchased a new stake in shares of Templeton Dragon Fund in the 4th quarter valued at approximately $38,000. Calamos Advisors LLC increased its position in shares of Templeton Dragon Fund by 55.1% in the 1st quarter. Calamos Advisors LLC now owns 25,356 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 9,007 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Templeton Dragon Fund in the 1st quarter valued at approximately $100,000. 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.