Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 51.1% in December

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,900 shares, an increase of 51.1% from the December 15th total of 9,200 shares. Based on an average daily trading volume, of 41,100 shares, the short-interest ratio is presently 0.3 days.

Templeton Emerging Markets Fund Stock Performance

NYSE EMF traded up $0.07 during trading hours on Friday, reaching $12.07. The company’s stock had a trading volume of 51,683 shares, compared to its average volume of 50,217. The business has a 50-day simple moving average of $12.35 and a 200 day simple moving average of $12.71. Templeton Emerging Markets Fund has a 52 week low of $10.70 and a 52 week high of $14.44.

Templeton Emerging Markets Fund Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.5114 per share. The ex-dividend date was Monday, December 16th. This represents a yield of 1.2%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC boosted its holdings in shares of Templeton Emerging Markets Fund by 7.4% during the fourth quarter. Park Avenue Securities LLC now owns 59,305 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 4,101 shares during the period. Uncommon Cents Investing LLC boosted its stake in Templeton Emerging Markets Fund by 17.9% during the 4th quarter. Uncommon Cents Investing LLC now owns 91,303 shares of the financial services provider’s stock valued at $1,091,000 after purchasing an additional 13,890 shares during the period. HighTower Advisors LLC grew its position in 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 worth $182,000 after purchasing an additional 819 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Templeton Emerging Markets Fund in the third quarter valued at approximately $5,455,000. Finally, Wolverine Asset Management LLC raised its holdings in shares of Templeton Emerging Markets Fund by 25.0% during the third quarter. Wolverine Asset Management LLC now owns 71,552 shares of the financial services provider’s stock valued at $969,000 after buying an additional 14,312 shares during the last quarter. 49.86% of the stock is currently owned by 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.