Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Grows By 198.5%

Templeton Emerging Markets Fund (NYSE:EMF) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 68,871 shares, a growth of 198.5% from the April 15th total of 23,070 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 27,710 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in 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 valued at $386,000 after buying an additional 754 shares in the last quarter. First Trust Advisors LP grew its holdings in Templeton Emerging Markets Fund by 55.6% during the 1st quarter. First Trust Advisors LP now owns 28,319 shares of the financial services provider’s stock valued at $495,000 after buying an additional 10,116 shares in the last quarter. Calamos Advisors LLC grew its holdings in Templeton Emerging Markets Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 45,191 shares of the financial services provider’s stock valued at $790,000 after buying an additional 5,380 shares in the last quarter. Fifth Third Bancorp purchased a new position in Templeton Emerging Markets Fund during the 1st quarter valued at approximately $26,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Templeton Emerging Markets Fund during the 4th quarter valued at approximately $3,463,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Stock Down 3.4%

EMF traded down $0.78 on Friday, hitting $21.87. 31,310 shares of the company’s stock traded hands, compared to its average volume of 36,333. The company’s 50 day simple moving average is $19.39 and its 200-day simple moving average is $18.63. Templeton Emerging Markets Fund has a one year low of $13.31 and a one year high of $22.75.

Templeton Emerging Markets Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, March 24th.

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.