Templeton Emerging Markets Fund (NYSE:EMF) Sees Large Drop in Short Interest

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,000 shares, a drop of 20.0% from the February 13th total of 10,000 shares. Based on an average trading volume of 46,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Templeton Emerging Markets Fund in the 4th quarter valued at about $59,000. Modern Wealth Management LLC acquired a new position in shares of Templeton Emerging Markets Fund in the 4th quarter valued at about $143,000. HighTower Advisors LLC lifted its stake in shares of Templeton Emerging Markets Fund by 6.3% in the 3rd quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 819 shares in the last quarter. Calamos Advisors LLC lifted its stake in shares of Templeton Emerging Markets Fund by 23.8% in the 4th quarter. Calamos Advisors LLC now owns 22,343 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 4,295 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Templeton Emerging Markets Fund during the 4th quarter valued at about $278,000. 49.86% of the stock is owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Stock Up 1.7 %

NYSE:EMF traded up $0.23 during mid-day trading on Wednesday, reaching $13.48. The company’s stock had a trading volume of 958,059 shares, compared to its average volume of 34,396. The company’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $12.75. Templeton Emerging Markets Fund has a twelve month low of $11.14 and a twelve month high of $14.44.

Templeton Emerging Markets Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Monday, March 17th.

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.