Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Update

Key Points

• Short interest in Templeton Emerging Markets Fund (NYSE: EMF) saw a significant increase of 68.5%, growing from 11,100 shares to 18,700 shares as of September 30th.
• The fund declared a quarterly dividend of $0.22, contributing to an annualized dividend of $0.88 and a dividend yield of 5.2%.
• Institutional investors, including Shaker Financial Services and Wolverine Asset Management, have increased their stakes in the fund, with 49.86% of the stock now owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund (NYSE:EMF - ) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 18,700 shares, an increase of 68.5% from the September 15th total of 11,100 shares. Based on an average trading volume of 16,900 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 16,900 shares, the short-interest ratio is presently 1.1 days.

Templeton Emerging Markets Fund Price Performance

EMF stock traded up $0.08 on Thursday, reaching $17.01. The company had a trading volume of 23,345 shares, compared to its average volume of 23,012. Templeton Emerging Markets Fund has a 1 year low of $11.14 and a 1 year high of $17.29. The company's fifty day moving average is $16.19 and its 200 day moving average is $14.64.

Templeton Emerging Markets Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 18th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, September 18th.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Institutional investors have recently made changes to their positions in the stock. Shaker Financial Services LLC lifted its stake in shares of Templeton Emerging Markets Fund by 12.0% during the 2nd quarter. Shaker Financial Services LLC now owns 56,592 shares of the financial services provider's stock worth $826,000 after purchasing an additional 6,077 shares during the period. Alexander Randolph Advisory Inc. boosted its holdings in shares of Templeton Emerging Markets Fund by 1.2% during the second quarter. Alexander Randolph Advisory Inc. now owns 131,992 shares of the financial services provider's stock worth $1,926,000 after purchasing an additional 1,530 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Templeton Emerging Markets Fund by 184.6% during the second quarter. Wolverine Asset Management LLC now owns 131,018 shares of the financial services provider's stock worth $1,912,000 after purchasing an additional 84,976 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Templeton Emerging Markets Fund by 10.5% during the second quarter. Flagship Harbor Advisors LLC now owns 128,245 shares of the financial services provider's stock worth $1,871,000 after purchasing an additional 12,144 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Templeton Emerging Markets Fund during the second quarter worth $38,000. 49.86% of the stock is owned by institutional investors and hedge funds.

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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