Taiwan Fund, Inc. Short Interest Rises Significantly in March

The Taiwan Fund, Inc. (NYSE:TWN) experienced a notable increase in short interest during March. As of March 15th, the total short interest reached 5,300 shares, marking a considerable rise of 76.7% from the 3,000 shares reported at the end of February. Given the average daily trading volume of 27,500 shares, the short-interest ratio is currently at 0.2 days. This indicates that approximately 0.1% of the company’s stock is sold short.

Taiwan Fund Stock Performance

On Friday, shares of The Taiwan Fund traded down by $1.04, reaching a price of $33.85. The trading volume for the day was 77,675 shares, well above its average volume of 21,390. The fund's share price has touched a 52-week low of $33.13 and a high of $47.24. Currently, the 50-day moving average stands at $37.06, while the 200-day moving average is at $41.13.

Institutional Inflows and Outflows

In recent times, several hedge funds and institutional investors have adjusted their stakes in The Taiwan Fund. For instance, Blue Bell Private Wealth Management LLC increased its holdings by 20.3% in the fourth quarter, acquiring an additional 400 shares to own a total of 2,366 shares valued at $91,000. Additionally, Cetera Investment Advisers took a new position valued at approximately $206,000, while Virtu Financial LLC invested about $216,000 in the fund during the same quarter. Walleye Capital LLC also initiated a new position worth approximately $220,000. HighTower Advisors LLC raised its stake by 5.9% in the third quarter, increasing their ownership to 5,831 shares valued at $255,000 after purchasing an extra 324 shares during that period.

The Taiwan Fund Company Profile

The Taiwan Fund, Inc. is a closed-end equity mutual fund that is managed by Nomura Asset Management U.S.A Inc. The fund primarily invests in public equity markets in Taiwan, targeting stocks across various sectors. It employs fundamental analysis to evaluate factors such as growth prospects, industry competitive positions, technology, and more to curate its investment portfolio.

Should You Invest $1,000 in The Taiwan Fund Right Now?

Considering an investment in The Taiwan Fund requires careful consideration. Currently, the fund holds a "Hold" rating among analysts, who suggest there are alternative stocks with better growth potential in the market. Before making a decision, investors might want to explore other top-rated stocks that analysts are advocating for, as The Taiwan Fund isn't on those recommended lists.

Taiwan, Fund, Stocks