Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Down 45.3% in June

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 26,020 shares, a decrease of 45.3% from the June 15th total of 47,533 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 32,783 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Templeton Emerging Markets Fund

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in shares of Templeton Emerging Markets Fund in the 1st quarter worth $140,000. Bank of America Corp DE increased its stake in Templeton Emerging Markets Fund by 12.2% during the second quarter. Bank of America Corp DE now owns 372,093 shares of the financial services provider’s stock worth $5,429,000 after acquiring an additional 40,577 shares during the last quarter. Lazard Asset Management LLC increased its stake in Templeton Emerging Markets Fund by 142.5% during the third quarter. Lazard Asset Management LLC now owns 276,278 shares of the financial services provider’s stock worth $4,625,000 after acquiring an additional 162,366 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Templeton Emerging Markets Fund in the 3rd quarter worth about $1,054,000. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Templeton Emerging Markets Fund in the 4th quarter worth about $51,000. 49.86% of the stock is owned by hedge funds and other institutional investors.

Templeton Emerging Markets Fund Price Performance

Templeton Emerging Markets Fund stock traded down $0.63 during trading on Thursday, reaching $21.61. The company had a trading volume of 38,025 shares, compared to its average volume of 30,062. Templeton Emerging Markets Fund has a 12-month low of $14.10 and a 12-month high of $24.70. The stock’s 50 day moving average price is $22.81 and its two-hundred day moving average price is $20.43.

Templeton Emerging Markets Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a dividend of $0.24 per share. This is an increase from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.