Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Declines By 33.6%

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 8,500 shares, a decline of 33.6% from the January 15th total of 12,800 shares. Based on an average daily trading volume, of 88,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Templeton Dragon Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shaker Financial Services LLC grew its position in shares of Templeton Dragon Fund by 13.1% during the 4th quarter. Shaker Financial Services LLC now owns 106,847 shares of the financial services provider’s stock worth $907,000 after buying an additional 12,352 shares during the period. Cohen & Steers Inc. acquired a new position in Templeton Dragon Fund during the fourth quarter valued at approximately $255,000. Wells Fargo & Company MN raised its position in Templeton Dragon Fund by 5.6% during the fourth quarter. Wells Fargo & Company MN now owns 20,750 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 1,107 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Templeton Dragon Fund in the fourth quarter valued at approximately $92,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Templeton Dragon Fund by 89.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,915 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 18,815 shares during the period. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Stock Performance

NYSE:TDF traded up $0.20 during trading hours on Friday, reaching $9.28. The company had a trading volume of 94,901 shares, compared to its average volume of 86,207. Templeton Dragon Fund has a one year low of $7.49 and a one year high of $10.41. The stock has a 50-day moving average of $8.61 and a two-hundred day moving average of $8.50.

Templeton Dragon Fund Company Profile

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.