Taiwan Fund, Inc. (The) (NYSE:TWN – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 3,095 shares, a decline of 47.9% from the September 30th total of 5,941 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 18,764 shares, the days-to-cover ratio is currently 0.2 days.
Taiwan Fund Stock Down 4.6%
Shares of Taiwan Fund stock traded down $4.12 during trading hours on Friday, reaching $86.06. The company’s stock had a trading volume of 35,110 shares, compared to its average volume of 22,773. Taiwan Fund has a one year low of $51.37 and a one year high of $108.83. The stock’s fifty day simple moving average is $99.62 and its two-hundred day simple moving average is $84.63.
Hedge Funds Weigh In On Taiwan Fund
A number of hedge funds have recently added to or reduced their stakes in TWN. Public Employees Retirement System of Ohio purchased a new stake in Taiwan Fund in the 2nd quarter valued at $10,391,000. Evolve Private Wealth LLC purchased a new position in Taiwan Fund during the 2nd quarter worth $1,533,000. Quantedge Capital Pte Ltd boosted its holdings in Taiwan Fund by 7.4% during the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after acquiring an additional 1,000 shares during the last quarter. Hudson Portfolio Management LLC purchased a new position in Taiwan Fund during the 2nd quarter worth $625,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Taiwan Fund by 18.1% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 4,571 shares of the company’s stock worth $466,000 after acquiring an additional 701 shares in the last quarter.
Taiwan Fund Company Profile
Taiwan Fund, Inc (NYSE: TWN) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in publicly traded companies in Taiwan. Rather than operating a commercial business, the fund provides investors with access to Taiwan’s equity markets through a professionally managed portfolio.
The fund’s investments may span a range of Taiwanese industries and companies, with portfolio exposure generally reflecting opportunities and developments within the country’s economy.
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