Taiwan Fund, Inc. (The) (NYSE:TWN – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,095 shares, a drop 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 shares of the stock are short sold.
Taiwan Fund Stock Down 0.0%
Shares of TWN stock traded down $0.03 on Monday, reaching $86.44. 36,349 shares of the company were exchanged, compared to its average volume of 22,234. The business has a 50-day moving average price of $99.39 and a 200 day moving average price of $84.79. Taiwan Fund has a 1 year low of $51.37 and a 1 year high of $108.83.
Institutional Investors Weigh In On Taiwan Fund
Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Taiwan Fund in the second quarter valued at approximately $10,391,000. Hudson Portfolio Management LLC purchased a new stake in shares of Taiwan Fund during the second quarter worth approximately $625,000. Evolve Private Wealth LLC purchased a new stake in shares of Taiwan Fund during the second quarter worth approximately $1,533,000. 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 worth $466,000 after purchasing an additional 701 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Taiwan Fund in the 2nd quarter valued at $268,000.
About Taiwan Fund
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.
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