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

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

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Institutional investors have recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Templeton Emerging Markets Fund in the 4th quarter valued at approximately $59,000. Modern Wealth Management LLC bought a new stake in shares of Templeton Emerging Markets Fund in the 4th quarter valued at approximately $143,000. HighTower Advisors LLC increased its holdings 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 acquiring an additional 819 shares during the last quarter. Calamos Advisors LLC increased its holdings 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 acquiring an additional 4,295 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in Templeton Emerging Markets Fund during the 4th quarter valued at approximately $278,000. 49.86% of the stock is currently owned by institutional investors.

Templeton Emerging Markets Fund Price Performance

EMF stock traded up $0.21 during midday trading on Friday, hitting $12.98. 11,298 shares of the company’s stock were exchanged, compared to its average volume of 43,669. Templeton Emerging Markets Fund has a 12-month low of $11.14 and a 12-month high of $14.44. The firm has a 50 day moving average price of $12.23 and a 200-day moving average price of $12.67.

Templeton Emerging Markets Fund Dividend Announcement

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

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.