Taiwan Fund (NYSE:TWN) Sees Large Volume Increase – Here’s Why

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) saw unusually-strong trading volume on Thursday . Approximately 33,202 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 37,766 shares.The stock last traded at $95.85 and had previously closed at $92.83.

Taiwan Fund Trading Up 2.3%

The business’s 50 day moving average is $87.17 and its two-hundred day moving average is $68.83.

Institutional Trading of Taiwan Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in TWN. Osaic Holdings Inc. lifted its stake in shares of Taiwan Fund by 40.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after acquiring an additional 309 shares during the period. Evolve Private Wealth LLC acquired a new position in shares of Taiwan Fund during the fourth quarter valued at approximately $915,000. Quantedge Capital Pte Ltd raised its holdings in Taiwan Fund by 7.4% during the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after purchasing an additional 1,000 shares in the last quarter. Rock Creek Group LP raised its holdings in Taiwan Fund by 1,061.6% during the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock worth $3,585,000 after purchasing an additional 60,510 shares in the last quarter. Finally, Karpus Management Inc. lifted its position in Taiwan Fund by 86.4% in the second quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock worth $4,084,000 after purchasing an additional 42,256 shares during the period.

About Taiwan Fund

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.