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

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,357 shares, a decline of 53.9% from the July 15th total of 22,467 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 48,341 shares, the short-interest ratio is presently 0.2 days.

Templeton Emerging Markets Fund Price Performance

Templeton Emerging Markets Fund stock traded up $0.04 during trading hours on Friday, hitting $22.21. The stock had a trading volume of 15,757 shares, compared to its average volume of 38,785. Templeton Emerging Markets Fund has a one year low of $15.08 and a one year high of $24.70. The business’s 50 day simple moving average is $22.31 and its 200-day simple moving average is $20.90.

Templeton Emerging Markets Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.24 dividend. This is an increase from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EMF. Roberts Glore & Co. Inc. IL bought a new stake in Templeton Emerging Markets Fund during the 2nd quarter worth approximately $264,000. Visionary Wealth Advisors bought a new position in shares of Templeton Emerging Markets Fund during the second quarter valued at $1,128,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Templeton Emerging Markets Fund during the second quarter worth $39,000. Hara Capital LLC acquired a new position in shares of Templeton Emerging Markets Fund during the second quarter worth $58,000. Finally, Csenge Advisory Group bought a new stake in shares of Templeton Emerging Markets Fund in the second quarter worth $109,000. Institutional investors own 49.86% of the company’s stock.

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.