Taiwan Fund, Inc. (The) (NYSE:TWN) Short Interest Update

Taiwan Fund, Inc. (The) (NYSE:TWN) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 8,948 shares, a growth of 152.3% from the April 15th total of 3,547 shares. Based on an average trading volume of 30,003 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Taiwan Fund Stock Down 4.5%

Shares of TWN traded down $4.23 during midday trading on Friday, reaching $90.57. The stock had a trading volume of 14,810 shares, compared to its average volume of 31,524. Taiwan Fund has a 52 week low of $36.00 and a 52 week high of $99.77. The firm’s 50 day moving average price is $74.99 and its 200-day moving average price is $63.55.

Insider Buying and Selling

In other news, Director William C. Kirby bought 50,687 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were purchased at an average price of $64.90 per share, with a total value of $3,289,586.30. Following the completion of the acquisition, the director directly owned 2,886 shares in the company, valued at approximately $187,301.40. This trade represents a -106.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Taiwan Fund

Several hedge funds have recently made changes to their positions in TWN. Lazard Asset Management LLC boosted its holdings in Taiwan Fund by 3.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after buying an additional 41,221 shares in the last quarter. Karpus Management Inc. boosted its stake in shares of Taiwan Fund by 86.4% during the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock worth $4,084,000 after acquiring an additional 42,256 shares in the last quarter. Rock Creek Group LP boosted its stake in shares of Taiwan Fund by 1,061.6% during the 3rd quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock worth $3,585,000 after acquiring an additional 60,510 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Taiwan Fund during the fourth quarter worth $915,000. Finally, Quantedge Capital Pte Ltd boosted its position in shares of Taiwan Fund by 7.4% in the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after purchasing an additional 1,000 shares during the period.

Taiwan Fund Company Profile

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.