Templeton Emerging Markets Income Fund (NYSE:TEI) Short Interest Update

Templeton Emerging Markets Income Fund (NYSE:TEI) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 126,313 shares, an increase of 69.6% from the July 30th total of 74,468 shares. Based on an average daily volume of 121,524 shares, the days-to-cover ratio is presently 1.0 days.

Templeton Emerging Markets Income Fund Trading Down 1.6%

Shares of Templeton Emerging Markets Income Fund stock opened at $6.65 on Wednesday. The firm’s 50-day simple moving average is $6.72 and its 200-day simple moving average is $6.54. Templeton Emerging Markets Income Fund has a twelve month low of $5.75 and a twelve month high of $7.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mason & Associates Inc grew its stake in Templeton Emerging Markets Income Fund by 105.3% during the second quarter. Mason & Associates Inc now owns 172,451 shares of the company’s stock worth $1,162,000 after buying an additional 88,465 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Templeton Emerging Markets Income Fund during the first quarter worth $32,000. Compound Planning Inc. raised its holdings in shares of Templeton Emerging Markets Income Fund by 6.4% in the first quarter. Compound Planning Inc. now owns 109,127 shares of the company’s stock valued at $656,000 after buying an additional 6,526 shares during the last quarter. Nwam LLC grew its holdings in Templeton Emerging Markets Income Fund by 42.3% during the 1st quarter. Nwam LLC now owns 26,005 shares of the company’s stock worth $156,000 after acquiring an additional 7,726 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 457.1% in the first quarter. Janney Montgomery Scott LLC now owns 228,071 shares of the company’s stock worth $1,371,000 after acquiring an additional 187,133 shares during the last quarter.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.