Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 65.9% in July

Key Points

• Short interest in the Templeton Emerging Markets Fund increased by 65.9% in July, rising to 20,400 shares from 12,300 shares in June.
• Institutional investors own 49.86% of the company's stock, with significant increases in stakes from several firms, including Bank of America Corp DE, which grew its share by 33.9%.
• The fund recently announced a quarterly dividend of $0.22, reflecting an annualized dividend yield of 5.9%.

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 20,400 shares, agrowthof65.9% from the June 30th total of 12,300 shares. Based on an average daily volume of 20,100 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 20,100 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

A number of large investors have recently bought and sold shares of the business. Hilltop National Bank acquired a new position in Templeton Emerging Markets Fund during the 2nd quarter worth $38,000. AQR Capital Management LLC acquired a new position in Templeton Emerging Markets Fund during the 1st quarter worth $140,000. Wealth Enhancement Advisory Services LLC acquired a new position in Templeton Emerging Markets Fund during the 1st quarter worth $174,000. LPL Financial LLC acquired a new position in Templeton Emerging Markets Fund during the 4th quarter worth $278,000. Finally, CSS LLC IL acquired a new position in Templeton Emerging Markets Fund during the 4th quarter worth $299,000. 49.86% of the stock is currently owned by institutional investors.

Templeton Emerging Markets Fund Trading Up 0.3%

NYSE:EMF traded up $0.05 during trading hours on Friday, reaching $15.10. The company's stock had a trading volume of 9,510 shares, compared to its average volume of 25,590. Templeton Emerging Markets Fund has a one year low of $11.14 and a one year high of $15.13. The business's 50-day moving average is $14.55 and its 200-day moving average is $13.40.

Templeton Emerging Markets Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.22 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.88 dividend on an annualized basis and a yield of 5.8%.

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.