Asia Tigers Fund, Inc. (The) (NYSE:GRR) Sees Significantly Lower Trading Volume – HugoPress

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Trading was light with 201 shares changing hands on Tuesday. Volume was down 94.44% under the stocks average daily volume. Traders are feeling more bearish recently if you put credence in the increase in short interest. The firm had a rise in short interest between August 31, 2017 and September 15, 2017 of 85.08%. Short interest grew from 2,018 to 3,735 over that period.

Here are a few substantial investment firms who have updated their positions. Wells Fargo & Company/mn augmented its position by buying 6,093 shares an increase of 45.4% from 03/31/2017 to 06/30/2017. Wells Fargo & Company/mn owns 19,499 shares worth $232,000. The value of the position overall is up by 51.6%. Css LLC/il cut its stake by selling 1,000 shares a decrease of 6.3%. Css LLC/il now controls 14,872 shares valued at $177,000. The total value of its holdings decreased 2.2%.

As of quarter end 1607 Capital Partners, LLC had disposed of a total of 1,900 shares trimming its stake by 1.0%. The value in dollars went from $2,079,000 to $2,147,000 increasing 3.3% for the reporting period. As of the end of the quarter Bulldog Investors, LLC had bought 11,854 shares growing its holdings by 7.9%. The value of the total investment in Asia Tigers Fund, Inc. (The) increased from $1,706,000 to $1,922,000 a change of 12.7% since the last quarter.

The company is trading down by 0.95%% since yesterday’s close of 12.59. Company shares are trading at $12.47 which is marginally over the 50 day moving average which is $12.40 and a tad higher than the 200 day moving average of $12.12. The 50 day moving average went up by +0.594% and the 200 day average moved up $0.36.

The Asia Tigers Fund, Inc. (the Fund), launched on September 23, 1993, is a closed-end, non-diversified management investment company. The Fund?s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of Asian companies..