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

The Taiwan Fund, Inc. (NYSE:TWN) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 23,900 shares, an increase of 350.9% from the March 15th total of 5,300 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 26,800 shares, the days-to-cover ratio is presently 0.9 days.

The Taiwan Fund Stock Performance

TWN traded up $0.28 during trading on Tuesday, hitting $30.69. 7,561 shares of the company’s stock were exchanged, compared to its average volume of 26,012. The business’s 50 day moving average is $34.98 and its two-hundred day moving average is $39.92. The Taiwan Fund has a fifty-two week low of $26.45 and a fifty-two week high of $47.24.

Institutional Trading of The Taiwan Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. CSS LLC IL grew its position in The Taiwan Fund by 1.5% in the 4th quarter. CSS LLC IL now owns 49,394 shares of the company’s stock worth $1,909,000 after purchasing an additional 732 shares in the last quarter. Quantedge Capital Pte Ltd lifted its holdings in The Taiwan Fund by 41.8% during the fourth quarter. Quantedge Capital Pte Ltd now owns 25,081 shares of the company’s stock worth $969,000 after acquiring an additional 7,395 shares during the period. Janus Henderson Group PLC bought a new stake in shares of The Taiwan Fund in the fourth quarter valued at $268,000. Cetera Investment Advisers bought a new position in shares of The Taiwan Fund during the 4th quarter worth $206,000. Finally, Almitas Capital LLC raised its position in shares of The Taiwan Fund by 12.7% in the fourth quarter. Almitas Capital LLC now owns 8,547 shares of the company’s stock valued at $330,000 after purchasing an additional 962 shares during the period.

The Taiwan Fund Company Profile

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA 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.