Templeton Emerging Markets Income Fund (NYSE:TEI) Sees Significant Increase in Short Interest

Templeton Emerging Markets Income Fund (NYSE:TEI) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 71,300 shares, a growth of 63.2% from the February 13th total of 43,700 shares. Based on an average daily trading volume, of 168,400 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Truffle Hound Capital LLC acquired a new position in Templeton Emerging Markets Income Fund during the 4th quarter worth $1,037,000. Invesco Ltd. grew its stake in Templeton Emerging Markets Income Fund by 15.4% during the 4th quarter. Invesco Ltd. now owns 866,772 shares of the company’s stock worth $4,447,000 after purchasing an additional 115,691 shares in the last quarter. Evergreen Capital Management LLC grew its stake in Templeton Emerging Markets Income Fund by 3.3% during the 4th quarter. Evergreen Capital Management LLC now owns 3,627,669 shares of the company’s stock worth $18,610,000 after purchasing an additional 115,664 shares in the last quarter. Savvy Advisors Inc. acquired a new position in Templeton Emerging Markets Income Fund during the 4th quarter worth $574,000. Finally, Raymond James Financial Inc. acquired a new position in Templeton Emerging Markets Income Fund during the 4th quarter worth $498,000.

Templeton Emerging Markets Income Fund Stock Performance

TEI stock traded up $0.01 during mid-day trading on Friday, reaching $5.50. 126,432 shares of the company’s stock were exchanged, compared to its average volume of 133,082. The stock’s 50 day moving average is $5.36 and its 200 day moving average is $5.46. Templeton Emerging Markets Income Fund has a 12-month low of $5.04 and a 12-month high of $5.94.

Templeton Emerging Markets Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.0475 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.37%.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.