Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Down 78.2% in August

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 7,698 shares, a decline of 78.2% from the July 30th total of 35,368 shares. Based on an average daily trading volume, of 49,931 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Templeton Dragon Fund Price Performance

Shares of TDF stock remained flat at $10.87 on Thursday. The company had a trading volume of 22,881 shares, compared to its average volume of 75,535. The stock’s 50 day moving average is $10.80 and its 200 day moving average is $11.03. Templeton Dragon Fund has a twelve month low of $10.26 and a twelve month high of $12.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TDF. Royal Bank of Canada raised its position in Templeton Dragon Fund by 29.0% during the 1st quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,000 shares during the last quarter. Compound Planning Inc. grew its position in shares of Templeton Dragon Fund by 3.9% in the 4th quarter. Compound Planning Inc. now owns 60,336 shares of the financial services provider’s stock valued at $679,000 after buying an additional 2,241 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Templeton Dragon Fund by 3.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 75,865 shares of the financial services provider’s stock valued at $854,000 after buying an additional 2,800 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Templeton Dragon Fund by 1.2% in the third quarter. Bank of America Corp DE now owns 251,503 shares of the financial services provider’s stock valued at $2,930,000 after buying an additional 3,083 shares during the period. Finally, Quantedge Capital Pte Ltd increased its stake in shares of 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 valued at $443,000 after buying an additional 3,900 shares during the period. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Company Profile

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.