Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Down 59.4% in May

Templeton Emerging Markets Fund (NYSE:EMF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 27,963 shares, a decrease of 59.4% from the April 30th total of 68,871 shares. Based on an average daily volume of 42,613 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Templeton Emerging Markets Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in shares of Templeton Emerging Markets Fund by 3.5% during the 1st quarter. Cetera Investment Advisers now owns 22,096 shares of the financial services provider’s stock worth $386,000 after buying an additional 754 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Templeton Emerging Markets Fund by 8.3% during the 4th quarter. Royal Bank of Canada now owns 15,404 shares of the financial services provider’s stock worth $262,000 after buying an additional 1,178 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Templeton Emerging Markets Fund by 1.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 129,555 shares of the financial services provider’s stock worth $2,169,000 after buying an additional 1,310 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Templeton Emerging Markets Fund during the 1st quarter worth $26,000. Finally, Uncommon Cents Investing LLC increased its holdings in shares of Templeton Emerging Markets Fund by 1.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 157,428 shares of the financial services provider’s stock worth $2,681,000 after buying an additional 1,820 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Trading Down 0.0%

Shares of Templeton Emerging Markets Fund stock traded down $0.01 during trading hours on Friday, reaching $23.30. 26,601 shares of the company’s stock were exchanged, compared to its average volume of 43,276. The company has a fifty day moving average of $20.14 and a 200-day moving average of $18.97. Templeton Emerging Markets Fund has a 52-week low of $13.43 and a 52-week high of $23.97.

Templeton Emerging Markets Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 23rd. This is a positive change from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.