Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Update

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 22,100 shares, an increase of 176.3% from the February 28th total of 8,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 60,000 shares, the short-interest ratio is presently 0.4 days.

Templeton Emerging Markets Fund Price Performance

Shares of Templeton Emerging Markets Fund stock opened at $12.98 on Friday. The company’s fifty day moving average is $12.80 and its two-hundred day moving average is $12.78. Templeton Emerging Markets Fund has a 1 year low of $11.14 and a 1 year high of $14.44.

Templeton Emerging Markets Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Monday, March 17th.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family Firm Inc. grew its holdings in Templeton Emerging Markets Fund by 0.3% during the 4th quarter. Family Firm Inc. now owns 268,707 shares of the financial services provider’s stock valued at $3,211,000 after purchasing an additional 797 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Templeton Emerging Markets Fund by 6.3% during the third quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 819 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Templeton Emerging Markets Fund by 5.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 65,562 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 3,300 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Templeton Emerging Markets Fund by 7.4% in the fourth quarter. Park Avenue Securities LLC now owns 59,305 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 4,101 shares in the last quarter. Finally, Calamos Advisors LLC boosted its holdings in Templeton Emerging Markets Fund by 23.8% in the fourth 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 last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

About Templeton Emerging Markets Fund

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.