Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Rises By 38.3%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 11,200 shares, an increase of 38.3% from the February 13th total of 8,100 shares. Based on an average trading volume of 103,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Templeton Dragon Fund Stock Up 1.9 %

Shares of TDF traded up $0.19 during midday trading on Monday, reaching $10.28. 178,573 shares of the stock were exchanged, compared to its average volume of 69,788. Templeton Dragon Fund has a 12-month low of $7.49 and a 12-month high of $10.41. The firm has a 50 day simple moving average of $9.05 and a 200-day simple moving average of $8.77.

Templeton Dragon Fund Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.10 per share. This represents a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of Templeton Dragon Fund

A number of institutional investors have recently added to or reduced their stakes in TDF. Wolverine Asset Management LLC raised its holdings in shares of Templeton Dragon Fund by 71.4% during the 4th quarter. Wolverine Asset Management LLC now owns 242,063 shares of the financial services provider’s stock valued at $2,055,000 after purchasing an additional 100,819 shares in the last quarter. HighTower Advisors LLC raised its holdings in Templeton Dragon Fund by 7.2% during the third quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock valued at $192,000 after buying an additional 1,449 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Templeton Dragon Fund by 68.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock worth $1,482,000 after buying an additional 71,032 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Templeton Dragon Fund in the fourth quarter worth about $139,000. Finally, Matisse Capital bought a new stake in shares of Templeton Dragon Fund during the 4th quarter worth about $2,793,000. 47.20% of the stock is currently owned by institutional investors and hedge funds.

About Templeton Dragon Fund

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.