The Taiwan Fund, Inc. (NYSE:TWN) Short Interest Up 350.9% in March

The Taiwan Fund, Inc. (NYSE:TWN) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 23,900 shares, a growth of 350.9% from the March 15th total of 5,300 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 26,800 shares, the days-to-cover ratio is presently 0.9 days.

The Taiwan Fund Stock Performance

NYSE:TWN traded up $0.28 during trading hours on Tuesday, hitting $30.69. The company had a trading volume of 7,561 shares, compared to its average volume of 26,012. The Taiwan Fund has a 52 week low of $26.45 and a 52 week high of $47.24. The stock has a 50-day moving average price of $34.98 and a 200 day moving average price of $39.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TWN. Nomura Asset Management Co. Ltd. purchased a new stake in The Taiwan Fund in the fourth quarter worth $1,269,000. LPL Financial LLC purchased a new stake in The Taiwan Fund in the fourth quarter worth about $737,000. Quantedge Capital Pte Ltd lifted its holdings in shares of The Taiwan Fund by 41.8% during the fourth quarter. Quantedge Capital Pte Ltd now owns 25,081 shares of the company’s stock valued at $969,000 after purchasing an additional 7,395 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of The Taiwan Fund in the fourth quarter worth $268,000. Finally, Virtu Financial LLC purchased a new stake in The Taiwan Fund in the fourth quarter worth about $216,000.

About The Taiwan Fund

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.