Templeton Dragon Fund, Inc. (NYSE:TDF) Sees 33.6% Decrease in Short Interest for January

Templeton Dragon Fund, Inc. (NYSE:TDF) experienced a considerable decrease in short interest during January. As of January 31st, the short interest was recorded at 8,500 shares, representing a significant drop of 33.6% compared to the 12,800 shares reported on January 15th. Given the average daily trading volume of 88,800 shares, the current short-interest ratio stands at just 0.1 days.

Institutional Investment Changes

Several institutional investors and hedge funds have recently modified their positions in Templeton Dragon Fund. Notably, the Public Employees Retirement System of Ohio established a new stake in the Fund during the third quarter, valuing around $10,922,000. Matisse Capital likewise acquired new shares worth about $2,793,000 in the fourth quarter. International Assets Investment Management LLC notably increased its stake by a staggering 855.8% during the third quarter and now holds 219,922 shares valued at $2,014,000 after acquiring an additional 196,913 shares last quarter. Similarly, Wolverine Asset Management LLC raised its position by 71.4% in the fourth quarter, now owning 242,063 shares worth $2,055,000 after buying an extra 100,819 shares. Additionally, 180 Wealth Advisors LLC enhanced its investment by 68.6% during the fourth quarter, amassing 174,524 shares valued at $1,482,000 after purchasing 71,032 more shares. Approximately 47.20% of the Fund's stock is owned by hedge funds and other institutional investors.

Performance Analysis of Templeton Dragon Fund

On Friday, shares of TDF opened at $9.25. The Fund's 50-day simple moving average stands at $8.59, while the 200-day simple moving average is slightly lower at $8.48. Over the past year, Templeton Dragon Fund's stock has seen a low of $7.49 and a high of $10.41.

Company Overview

Templeton Dragon Fund, Inc. is a closed-ended equity mutual fund initiated by Franklin Resources, Inc.. The fund is managed by Templeton Asset Management Ltd. and primarily invests in public equity markets across China. The focus of its investment strategy is on acquiring stocks in companies operating in diverse sectors, particularly in value stocks.

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