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

Taiwan Fund, Inc. (The) (NYSE:TWN) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,095 shares, a decline of 47.9% from the September 30th total of 5,941 shares. Based on an average daily volume of 18,764 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Taiwan Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new position in shares of Taiwan Fund in the 2nd quarter worth approximately $268,000. Almitas Capital LLC bought a new position in shares of Taiwan Fund in the second quarter valued at approximately $400,000. Blue Bell Private Wealth Management LLC increased its position in shares of Taiwan Fund by 18.1% during the third quarter. Blue Bell Private Wealth Management LLC now owns 4,571 shares of the company’s stock valued at $466,000 after acquiring an additional 701 shares during the last quarter. Hudson Portfolio Management LLC purchased a new stake in shares of Taiwan Fund during the second quarter valued at approximately $625,000. Finally, Quantedge Capital Pte Ltd increased its position in shares of Taiwan Fund by 7.4% during the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after acquiring an additional 1,000 shares during the last quarter.

Taiwan Fund Trading Down 4.6%

TWN stock traded down $4.12 during trading on Friday, reaching $86.06. The stock had a trading volume of 35,110 shares, compared to its average volume of 22,773. Taiwan Fund has a one year low of $51.37 and a one year high of $108.83. The company’s 50 day moving average is $99.62 and its two-hundred day moving average is $84.63.

Taiwan Fund Company Profile

Taiwan Fund, Inc (NYSE: TWN) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in publicly traded companies in Taiwan. Rather than operating a commercial business, the fund provides investors with access to Taiwan’s equity markets through a professionally managed portfolio.

The fund’s investments may span a range of Taiwanese industries and companies, with portfolio exposure generally reflecting opportunities and developments within the country’s economy.