Short Interest in The Taiwan Fund, Inc. (NYSE:TWN) Drops By 19.5%

The Taiwan Fund, Inc. (NYSE:TWN) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 6,200 shares, a drop of 19.5% from the August 15th total of 7,700 shares. Based on an average daily trading volume, of 18,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On The Taiwan Fund

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in The Taiwan Fund by 2.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 854,886 shares of the company’s stock valued at $37,564,000 after purchasing an additional 17,096 shares during the last quarter. Bulldog Investors LLP lifted its holdings in shares of The Taiwan Fund by 1.6% in the 4th quarter. Bulldog Investors LLP now owns 230,999 shares of the company’s stock valued at $7,974,000 after acquiring an additional 3,590 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in The Taiwan Fund in the first quarter worth about $991,000. Rothschild Investment LLC purchased a new position in The Taiwan Fund in the second quarter worth about $52,000. Finally, Matisse Capital increased its stake in The Taiwan Fund by 6.2% during the second quarter. Matisse Capital now owns 69,000 shares of the company’s stock worth $3,032,000 after acquiring an additional 4,000 shares during the last quarter.

The Taiwan Fund Stock Up 3.0 %

Shares of TWN opened at $42.95 on Friday. The Taiwan Fund has a 1 year low of $27.03 and a 1 year high of $46.41. The business’s 50 day simple moving average is $42.51 and its 200-day simple moving average is $41.08.

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.