Short Interest in Templeton Dragon Fund, Inc. (NYSE:TDF) Grows By 860.0%

Templeton Dragon Fund, Inc. (NYSE:TDF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 19,200 shares, a growth of 860.0% from the October 31st total of 2,000 shares. Based on an average daily volume of 72,000 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Templeton Dragon Fund

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in Templeton Dragon Fund in the 3rd quarter valued at approximately $10,922,000. International Assets Investment Management LLC lifted its stake in Templeton Dragon Fund by 855.8% in the 3rd quarter. International Assets Investment Management LLC now owns 219,922 shares of the financial services provider’s stock valued at $2,014,000 after acquiring an additional 196,913 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its stake in Templeton Dragon Fund by 1.6% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 8,422,882 shares of the financial services provider’s stock valued at $67,552,000 after acquiring an additional 132,137 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Templeton Dragon Fund by 6.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,185,826 shares of the financial services provider’s stock valued at $17,530,000 after acquiring an additional 127,682 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Templeton Dragon Fund by 116.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 141,244 shares of the financial services provider’s stock valued at $1,294,000 after acquiring an additional 76,137 shares in the last quarter. Institutional investors own 47.20% of the company’s stock.

Templeton Dragon Fund Trading Up 2.4 %

Shares of NYSE:TDF traded up $0.20 during trading on Thursday, hitting $8.51. 38,370 shares of the company’s stock traded hands, compared to its average volume of 58,513. Templeton Dragon Fund has a 52 week low of $7.15 and a 52 week high of $10.41. The company has a 50-day moving average price of $8.91 and a 200-day moving average price of $8.33.

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.