The Taiwan Fund, Inc. (NYSE:TWN – Get Rating) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,900 shares, an increase of 107.1% from the October 15th total of 1,400 shares. Based on an average trading volume of 16,400 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TWN. Advisor Group Holdings Inc. lifted its position in The Taiwan Fund by 21.7% in the first quarter. Advisor Group Holdings Inc. now owns 3,652 shares of the company’s stock worth $121,000 after purchasing an additional 651 shares during the period. Shaker Financial Services LLC lifted its holdings in shares of The Taiwan Fund by 50.0% during the first quarter. Shaker Financial Services LLC now owns 35,350 shares of the company’s stock valued at $1,163,000 after acquiring an additional 11,776 shares during the period. Herold Advisors Inc. bought a new position in shares of The Taiwan Fund during the first quarter valued at $39,000. Raymond James & Associates lifted its holdings in shares of The Taiwan Fund by 3.9% during the first quarter. Raymond James & Associates now owns 17,644 shares of the company’s stock valued at $580,000 after acquiring an additional 664 shares during the period. Finally, Belvedere Trading LLC bought a new position in shares of The Taiwan Fund during the second quarter valued at $283,000. 70.58% of the stock is owned by institutional investors.
The Taiwan Fund Stock Performance
Shares of The Taiwan Fund stock opened at $21.52 on Friday. The company’s fifty day simple moving average is $21.34 and its 200-day simple moving average is $24.48. The Taiwan Fund has a 1 year low of $18.35 and a 1 year high of $39.79.
The Taiwan Fund Company Profile
The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by JF International Management 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.
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