Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Down 20.8% in April

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 3,800 shares, a decrease of 20.8% from the March 31st total of 4,800 shares. Based on an average trading volume of 55,300 shares, the short-interest ratio is currently 0.1 days.

Templeton Dragon Fund Stock Up 1.6 %

Shares of TDF traded up $0.13 during midday trading on Friday, reaching $8.22. 29,403 shares of the stock were exchanged, compared to its average volume of 44,124. Templeton Dragon Fund has a twelve month low of $7.15 and a twelve month high of $10.13. The business’s 50-day moving average price is $7.88 and its 200 day moving average price is $7.99.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. grew its holdings in shares of Templeton Dragon Fund by 5.3% during the third quarter. City of London Investment Management Co. Ltd. now owns 12,203,181 shares of the financial services provider’s stock worth $104,215,000 after buying an additional 612,606 shares during the last quarter. Uncommon Cents Investing LLC grew its stake in shares of Templeton Dragon Fund by 0.3% in 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 last quarter. Karpus Management Inc. increased its holdings in shares of Templeton Dragon Fund by 61.6% in the fourth quarter. Karpus Management Inc. now owns 358,089 shares of the financial services provider’s stock valued at $2,926,000 after purchasing an additional 136,499 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Templeton Dragon Fund by 754.3% during the fourth quarter. International Assets Investment Management LLC now owns 187,167 shares of the financial services provider’s stock worth $1,529,000 after purchasing an additional 165,258 shares during the period. Finally, 1607 Capital Partners LLC grew its position in Templeton Dragon Fund by 54.2% in the 3rd quarter. 1607 Capital Partners LLC now owns 115,477 shares of the financial services provider’s stock valued at $986,000 after buying an additional 40,600 shares during the last quarter. Institutional investors and hedge funds own 47.20% of the company’s stock.

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.