Templeton Dragon Fund, Inc. (NYSE:TDF) Stock Short Interest Falls 55.5%

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 7,016 shares, a decline of 55.5% from the August 31st total of 15,760 shares. Based on an average daily volume of 44,938 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Templeton Dragon Fund Trading Down 0.8%

TDF traded down $0.08 on Tuesday, reaching $9.61. The company had a trading volume of 87,273 shares, compared to its average volume of 42,821. Templeton Dragon Fund has a 52-week low of $9.44 and a 52-week high of $12.20. The business has a 50 day simple moving average of $10.61 and a 200 day simple moving average of $10.83.

Templeton Dragon Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Templeton Dragon Fund by 29.0% in the first 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 period. Quantedge Capital Pte Ltd lifted its position in Templeton Dragon Fund by 10.3% during 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. Compound Planning Inc. boosted its holdings in shares of Templeton Dragon Fund by 11.9% during the 1st quarter. Compound Planning Inc. now owns 67,534 shares of the financial services provider’s stock valued at $717,000 after buying an additional 7,198 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of Templeton Dragon Fund by 5.1% during the 1st quarter. 180 Wealth Advisors LLC now owns 312,661 shares of the financial services provider’s stock valued at $3,317,000 after buying an additional 15,084 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Templeton Dragon Fund in the 2nd quarter worth about $184,000. Institutional investors own 47.20% of the company’s stock.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies connected to the People’s Republic of China. The fund’s portfolio may include companies domiciled in mainland China as well as businesses listed or operating in other markets that derive a substantial portion of their revenues or assets from China.

The fund provides investors with access to a diversified portfolio of Chinese companies across multiple industries.