Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Up 435.7% in March

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 60,000 shares, a growth of 435.7% from the February 28th total of 11,200 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 107,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDF. Elequin Capital LP purchased a new stake in Templeton Dragon Fund during the fourth quarter valued at about $38,000. Landscape Capital Management L.L.C. bought a new stake in shares of Templeton Dragon Fund in the fourth quarter valued at approximately $92,000. Almitas Capital LLC purchased a new stake in shares of Templeton Dragon Fund during the 4th quarter valued at approximately $101,000. Calamos Advisors LLC bought a new position in Templeton Dragon Fund in the 4th quarter worth approximately $139,000. Finally, Wells Fargo & Company MN boosted its holdings in Templeton Dragon Fund by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider’s stock worth $176,000 after buying an additional 1,107 shares during the period. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Stock Down 0.2 %

Templeton Dragon Fund stock traded down $0.02 during midday trading on Wednesday, hitting $9.80. 30,635 shares of the stock were exchanged, compared to its average volume of 70,499. Templeton Dragon Fund has a 52-week low of $7.49 and a 52-week high of $10.41. The business’s 50-day moving average price is $9.29 and its 200-day moving average price is $8.87.

Templeton Dragon Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.10 dividend. The ex-dividend date is Monday, March 17th. This represents a dividend yield of 2.2%.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc is a closed ended equity mutual fund launched by Franklin Resources, Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of China. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies.