Templeton Dragon Fund, Inc. (NYSE:TDF) Short Interest Up 38.3% in February

Templeton Dragon Fund, Inc. (NYSE:TDF) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 11,200 shares, an increase of 38.3% from the February 13th total of 8,100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 103,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in Templeton Dragon Fund during the 3rd quarter valued at $33,000. HighTower Advisors LLC increased its holdings in shares of Templeton Dragon Fund by 7.2% during the 3rd quarter. HighTower Advisors LLC now owns 21,629 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 1,449 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Templeton Dragon Fund during the third quarter valued at about $10,922,000. 180 Wealth Advisors LLC lifted its stake in shares of Templeton Dragon Fund by 68.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 174,524 shares of the financial services provider’s stock valued at $1,482,000 after buying an additional 71,032 shares during the period. Finally, Matisse Capital acquired a new stake in Templeton Dragon Fund during the fourth quarter worth about $2,793,000. 47.20% of the stock is owned by institutional investors.

Templeton Dragon Fund Stock Performance

TDF traded up $0.19 during trading on Monday, hitting $10.28. The stock had a trading volume of 178,573 shares, compared to its average volume of 69,788. Templeton Dragon Fund has a 12 month low of $7.49 and a 12 month high of $10.41. The company has a 50 day simple moving average of $9.05 and a 200-day simple moving average of $8.77.

Templeton Dragon Fund Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. The ex-dividend date is Monday, March 17th. This represents a dividend yield of 2.2%.

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.