Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Up 222.7% in April

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,600 shares, a growth of 222.7% from the April 15th total of 5,763 shares. Based on an average trading volume of 57,043 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Templeton Dragon Fund Price Performance

Shares of NYSE TDF traded down $0.26 during mid-day trading on Friday, reaching $11.31. 33,031 shares of the company traded hands, compared to its average volume of 59,376. Templeton Dragon Fund has a fifty-two week low of $9.42 and a fifty-two week high of $12.20. The stock has a fifty day simple moving average of $11.07 and a 200-day simple moving average of $11.35.

Templeton Dragon Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.10 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.40 annualized dividend and a yield of 3.5%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Compound Planning Inc. grew its position in Templeton Dragon Fund by 11.9% in the first quarter. Compound Planning Inc. now owns 67,534 shares of the financial services provider’s stock worth $717,000 after buying an additional 7,198 shares during the last quarter. Quantedge Capital Pte Ltd grew its position in Templeton Dragon Fund by 10.3% in the first quarter. Quantedge Capital Pte Ltd now owns 41,716 shares of the financial services provider’s stock worth $443,000 after buying an additional 3,900 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Templeton Dragon Fund by 14.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,942,433 shares of the financial services provider’s stock worth $20,609,000 after buying an additional 238,581 shares during the last quarter. 180 Wealth Advisors LLC grew its position in Templeton Dragon Fund by 5.1% in the first quarter. 180 Wealth Advisors LLC now owns 312,661 shares of the financial services provider’s stock worth $3,317,000 after buying an additional 15,084 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Templeton Dragon Fund in the fourth quarter worth approximately $147,000. Institutional investors and hedge funds own 47.20% of the company’s stock.

About Templeton Dragon Fund

Templeton Dragon Fund (NYSE:TDF) is a closed-end investment company managed by Franklin Templeton Investment Funds. Established in March 1987, the fund was one of the earliest U.S.-listed vehicles dedicated to providing exposure to the Greater China equity markets. Over its long operating history, Templeton Dragon Fund has sought to capture growth opportunities in a region undergoing rapid economic transformation.

The fund’s primary investment objective is long-term capital appreciation through a diversified portfolio of common stocks, depositary receipts and other equity-related securities of companies domiciled in, or deriving significant revenue from, Mainland China, Hong Kong and Taiwan.