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

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 13,100 shares, a drop of 25.1% from the May 15th total of 17,500 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 37,300 shares, the days-to-cover ratio is presently 0.4 days.

Templeton Emerging Markets Fund Price Performance

NYSE:EMF opened at $13.84 on Wednesday. The company's 50-day simple moving average is $13.15 and its 200 day simple moving average is $12.73. Templeton Emerging Markets Fund has a one year low of $11.14 and a one year high of $14.44.

Templeton Emerging Markets Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, June 16th. This represents a $0.88 annualized dividend and a dividend yield of 6.36%.

Institutional Trading of Templeton Emerging Markets Fund

Several large investors have recently modified their holdings of EMF. Allspring Global Investments Holdings LLC increased its position in Templeton Emerging Markets Fund by 1.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 943,805 shares of the financial services provider's stock worth $12,128,000 after buying an additional 13,298 shares in the last quarter. Bank of America Corp DE increased its holdings in Templeton Emerging Markets Fund by 33.9% in the 4th quarter. Bank of America Corp DE now owns 296,864 shares of the financial services provider's stock worth $3,548,000 after acquiring an additional 75,240 shares in the last quarter. Family Firm Inc. raised its stake in Templeton Emerging Markets Fund by 0.3% during the 4th quarter. Family Firm Inc. now owns 268,707 shares of the financial services provider's stock worth $3,211,000 after acquiring an additional 797 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Templeton Emerging Markets Fund by 3.1% during the first quarter. Integrated Wealth Concepts LLC now owns 144,446 shares of the financial services provider's stock valued at $1,856,000 after purchasing an additional 4,335 shares in the last quarter. Finally, Alexander Randolph Advisory Inc. boosted its position in shares of Templeton Emerging Markets Fund by 1.3% in the first quarter. Alexander Randolph Advisory Inc. now owns 130,462 shares of the financial services provider's stock worth $1,676,000 after purchasing an additional 1,704 shares during the period. Institutional investors own 49.86% of the company's stock.

Templeton Emerging Markets Fund Company Profile

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.

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