Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Decreases By 52.3%

Key Points

• The Templeton Emerging Markets Fund (NYSE:EMF) experienced a significant 52.3% decrease in short interest during August, dropping from 19,300 to 9,200 shares.
• The fund recently announced a quarterly dividend of $0.22 per share, to be paid on September 30th, representing an annualized yield of 5.5%.
• Institutional investors own approximately 49.86% of the fund, with notable investments from Bank of America and City of London Investment Management increasing their stakes recently.

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 9,200 shares, a decline of 52.3% from the August 15th total of 19,300 shares. Based on an average daily volume of 18,300 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 18,300 shares, the short-interest ratio is presently 0.5 days.

Templeton Emerging Markets Fund Stock Performance

EMF stock traded up $0.03 during trading on Thursday, hitting $16.49. The company had a trading volume of 11,464 shares, compared to its average volume of 30,204. Templeton Emerging Markets Fund has a 1-year low of $11.14 and a 1-year high of $16.77. The firm has a 50-day moving average price of $15.30 and a 200-day moving average price of $13.96.

Templeton Emerging Markets Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Thursday, September 18th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, September 18th.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in EMF. City of London Investment Management Co. Ltd. raised its position in shares of Templeton Emerging Markets Fund by 3.8% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,959,215 shares of the financial services provider's stock worth $57,765,000 after buying an additional 143,320 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Templeton Emerging Markets Fund by 1.4% in the 1st 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 during the period. Bank of America Corp DE raised its position in shares of Templeton Emerging Markets Fund by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 372,093 shares of the financial services provider's stock worth $5,429,000 after buying an additional 40,577 shares during the period. Uncommon Cents Investing LLC raised its position in shares of Templeton Emerging Markets Fund by 19.8% in the 2nd quarter. Uncommon Cents Investing LLC now owns 150,638 shares of the financial services provider's stock worth $2,198,000 after buying an additional 24,935 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of Templeton Emerging Markets Fund by 3.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 144,446 shares of the financial services provider's stock worth $1,856,000 after buying an additional 4,335 shares during the period. Institutional investors and hedge funds own 49.86% of the company's stock.

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.