Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Down 20.8% in April

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 3,800 shares, a drop of 20.8% from the March 31st total of 4,800 shares. Based on an average daily trading volume, of 55,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Templeton Dragon Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in Templeton Dragon Fund by 336.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 9,042 shares during the period. Wolverine Asset Management LLC bought a new position in Templeton Dragon Fund in the 3rd quarter worth approximately $236,000. Quarry LP acquired a new position in shares of Templeton Dragon Fund during the fourth quarter worth approximately $309,000. 1607 Capital Partners LLC boosted its position in shares of Templeton Dragon Fund by 54.2% in the third quarter. 1607 Capital Partners LLC now owns 115,477 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 40,600 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Templeton Dragon Fund by 754.3% in the fourth quarter. International Assets Investment Management LLC now owns 187,167 shares of the financial services provider’s stock valued at $1,529,000 after acquiring an additional 165,258 shares during the period. 47.20% of the stock is owned by institutional investors and hedge funds.

Templeton Dragon Fund Stock Performance

TDF traded up $0.05 during trading on Monday, hitting $8.27. The stock had a trading volume of 35,555 shares, compared to its average volume of 64,051. Templeton Dragon Fund has a 12 month low of $7.15 and a 12 month high of $10.13. The company has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $7.98.

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.