The Taiwan Fund, Inc. (NYSE:TWN) Sees Large Drop in Short Interest

The Taiwan Fund, Inc. (NYSE:TWN) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 43.4% from the February 13th total of 5,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 27,400 shares, the days-to-cover ratio is currently 0.1 days.

The Taiwan Fund Stock Up 1.4 %

TWN traded up $0.49 during midday trading on Friday, hitting $34.85. 3,309 shares of the company were exchanged, compared to its average volume of 20,577. The Taiwan Fund has a 1-year low of $34.18 and a 1-year high of $47.24. The firm’s 50 day moving average price is $37.77 and its 200-day moving average price is $41.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC lifted its holdings in The Taiwan Fund by 20.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,366 shares of the company’s stock worth $91,000 after buying an additional 400 shares during the period. Walleye Capital LLC acquired a new position in The Taiwan Fund during the 3rd quarter worth about $220,000. Cetera Investment Advisers acquired a new position in The Taiwan Fund during the 4th quarter worth about $206,000. Virtu Financial LLC acquired a new position in The Taiwan Fund during the 4th quarter worth about $216,000. Finally, HighTower Advisors LLC lifted its holdings in The Taiwan Fund by 5.9% during the 3rd quarter. HighTower Advisors LLC now owns 5,831 shares of the company’s stock worth $255,000 after buying an additional 324 shares during the period.

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.