Templeton Dragon Fund, Inc. (NYSE:TDF) Stock Short Interest Climbs 192.8%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,648 shares, an increase of 192.8% from the September 30th total of 1,246 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 88,522 shares, the days-to-cover ratio is presently 0.0 days.

Templeton Dragon Fund Stock Performance

Shares of TDF traded down $0.05 during midday trading on Thursday, reaching $8.92. The stock had a trading volume of 80,111 shares, compared to its average volume of 73,505. The firm has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $10.86. Templeton Dragon Fund has a one year low of $8.86 and a one year high of $12.20.

Templeton Dragon Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, September 23rd.

Hedge Funds Weigh In On Templeton Dragon Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TDF. Royal Bank of Canada increased its position in Templeton Dragon Fund by 29.0% during the first quarter. Royal Bank of Canada now owns 4,450 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,000 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Templeton Dragon Fund in the second quarter valued at approximately $184,000. Quantedge Capital Pte Ltd lifted its position 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 last quarter. Compound Planning Inc. lifted its position in shares of Templeton Dragon Fund by 11.9% in the first 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 during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Templeton Dragon Fund by 10.7% in the first quarter. Bank of America Corp DE now owns 283,616 shares of the financial services provider’s stock valued at $3,009,000 after buying an additional 27,428 shares during the last quarter. Institutional investors own 47.20% of the company’s stock.

About Templeton Dragon Fund

Templeton Dragon Fund, Inc (NYSE: TDF) is a non-diversified, closed-end investment company that seeks long-term capital appreciation. The fund invests primarily in equity securities of companies that are based in, or derive a significant portion of their revenues from, the People’s Republic of China, Hong Kong and other Greater China markets.

Its portfolio may include common stocks and other equity-related investments across a range of industries and company sizes. Through these holdings, the fund provides investors with access to businesses operating in one of the world’s major emerging-market regions, while remaining subject to the economic, regulatory and geopolitical risks associated with investing in China and surrounding markets.

Templeton Dragon Fund was established in the mid-1990s and is managed by investment professionals affiliated with Franklin Templeton, a global asset-management organization.