Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Increases By 143.1%

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 17,500 shares, an increase of 143.1% from the April 30th total of 7,200 shares. Based on an average trading volume of 40,300 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company's shares are short sold.

Templeton Emerging Markets Fund Stock Up 1.0%

Shares of EMF stock traded up $0.13 during trading hours on Tuesday, reaching $13.59. 5,696 shares of the stock traded hands, compared to its average volume of 33,940. Templeton Emerging Markets Fund has a 1-year low of $11.14 and a 1-year high of $14.44. The business has a fifty day moving average price of $12.78 and a 200 day moving average price of $12.63.

Templeton Emerging Markets Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.48%.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Several hedge funds have recently bought and sold shares of EMF. Allspring Global Investments Holdings LLC lifted its stake 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 valued at $12,128,000 after purchasing an additional 13,298 shares during the last quarter. Bank of America Corp DE lifted its position in Templeton Emerging Markets Fund by 33.9% during 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 during the last quarter. Family Firm Inc. lifted its position 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 last quarter. Integrated Wealth Concepts LLC boosted 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 acquiring an additional 4,335 shares during the period. Finally, Alexander Randolph Advisory Inc. grew 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 valued at $1,676,000 after purchasing an additional 1,704 shares during the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

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.