Templeton Emerging Markets Fund (NYSE:EMF) Sees Large Growth in Short Interest

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 11,300 shares, an increase of 31.4% from the January 15th total of 8,600 shares. Based on an average trading volume of 47,400 shares, the short-interest ratio is presently 0.2 days.

Templeton Emerging Markets Fund Price Performance

NYSE:EMF traded up $0.21 during mid-day trading on Friday, reaching $12.98. 11,298 shares of the stock were exchanged, compared to its average volume of 43,669. The business has a fifty day moving average price of $12.23 and a 200 day moving average price of $12.67. Templeton Emerging Markets Fund has a 1-year low of $11.14 and a 1-year high of $14.44.

Templeton Emerging Markets Fund Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.5114 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EMF. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Templeton Emerging Markets Fund during the fourth quarter worth about $59,000. Modern Wealth Management LLC acquired a new position in shares of Templeton Emerging Markets Fund in the 4th quarter valued at $143,000. HighTower Advisors LLC boosted its position in shares of Templeton Emerging Markets Fund by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 819 shares during the period. Calamos Advisors LLC boosted its position in shares of Templeton Emerging Markets Fund by 23.8% in the 4th quarter. Calamos Advisors LLC now owns 22,343 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 4,295 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of Templeton Emerging Markets Fund in the 4th quarter valued at $278,000. 49.86% of the stock is owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of emerging market countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.