Templeton Emerging Markets Income Fund (NYSE:TEI) Short Interest Update

Templeton Emerging Markets Income Fund (NYSE:TEI) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 75,400 shares, a drop of 31.1% from the March 15th total of 109,500 shares. Based on an average trading volume of 186,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its stake in Templeton Emerging Markets Income Fund by 164.8% in the first quarter. Janney Montgomery Scott LLC now owns 157,145 shares of the company’s stock valued at $845,000 after buying an additional 97,807 shares during the period. Vanguard Capital Wealth Advisors bought a new position in shares of Templeton Emerging Markets Income Fund during the first quarter valued at $69,000. SeaCrest Wealth Management LLC increased its position in Templeton Emerging Markets Income Fund by 40.6% during the 1st quarter. SeaCrest Wealth Management LLC now owns 34,759 shares of the company’s stock valued at $187,000 after purchasing an additional 10,040 shares during the period. Kaizen Financial Strategies increased its holdings in Templeton Emerging Markets Income Fund by 72.8% in the first quarter. Kaizen Financial Strategies now owns 115,179 shares of the company’s stock worth $620,000 after purchasing an additional 48,534 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Templeton Emerging Markets Income Fund by 49.9% during the 4th quarter. Cetera Investment Advisers now owns 154,923 shares of the company’s stock worth $795,000 after buying an additional 51,553 shares during the period.

Templeton Emerging Markets Income Fund Stock Performance

NYSE TEI traded up $0.03 on Friday, reaching $5.15. The company’s stock had a trading volume of 123,124 shares, compared to its average volume of 141,020. Templeton Emerging Markets Income Fund has a 52 week low of $4.78 and a 52 week high of $5.94. The business has a 50-day moving average price of $5.33 and a 200 day moving average price of $5.38.

Templeton Emerging Markets Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a dividend of $0.0475 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 11.08%.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.