The Taiwan Fund, Inc. (NYSE:TWN) Sees Significant Decrease in Short Interest

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

The Taiwan Fund Price Performance

Shares of NYSE:TWN traded down $0.29 during trading on Tuesday, reaching $42.44. The company had a trading volume of 45,148 shares, compared to its average volume of 19,573. The company has a fifty day moving average of $42.46 and a two-hundred day moving average of $41.12. The Taiwan Fund has a 12 month low of $27.03 and a 12 month high of $46.41.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. 1607 Capital Partners LLC boosted its holdings in shares of The Taiwan Fund by 1.0% in the 4th quarter. 1607 Capital Partners LLC now owns 662,740 shares of the company’s stock worth $22,924,000 after purchasing an additional 6,737 shares in the last quarter. Karpus Management Inc. grew its position in The Taiwan Fund by 4.2% during the fourth quarter. Karpus Management Inc. now owns 119,693 shares of the company’s stock valued at $4,140,000 after acquiring an additional 4,813 shares during the last quarter. Bulldog Investors LLP raised its stake in shares of The Taiwan Fund by 1.6% during the fourth quarter. Bulldog Investors LLP now owns 230,999 shares of the company’s stock worth $7,974,000 after acquiring an additional 3,590 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of The Taiwan Fund in the 1st quarter worth approximately $991,000. Finally, Matisse Capital boosted its stake in shares of The Taiwan Fund by 1.8% in the 1st quarter. Matisse Capital now owns 65,000 shares of the company’s stock valued at $2,575,000 after purchasing an additional 1,149 shares in the last quarter.

The Taiwan Fund Company Profile

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.