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

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

Templeton Emerging Markets Fund Trading Up 3.3%

Shares of Templeton Emerging Markets Fund stock traded up $0.76 during trading hours on Monday, reaching $24.02. The company’s stock had a trading volume of 56,528 shares, compared to its average volume of 43,276. The company’s 50 day simple moving average is $20.26 and its 200 day simple moving average is $19.01. Templeton Emerging Markets Fund has a one year low of $13.44 and a one year high of $24.25.

Templeton Emerging Markets Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 23rd. This is an increase from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22.

Institutional Trading of Templeton Emerging Markets Fund

A number of large investors have recently modified their holdings of EMF. AQR Capital Management LLC acquired a new stake in shares of Templeton Emerging Markets Fund in the 1st quarter worth about $140,000. Bank of America Corp DE increased its holdings in shares of Templeton Emerging Markets Fund by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 372,093 shares of the financial services provider’s stock worth $5,429,000 after acquiring an additional 40,577 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Templeton Emerging Markets Fund by 1.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 129,555 shares of the financial services provider’s stock worth $2,169,000 after acquiring an additional 1,310 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Templeton Emerging Markets Fund by 142.5% in the 3rd quarter. Lazard Asset Management LLC now owns 276,278 shares of the financial services provider’s stock worth $4,625,000 after acquiring an additional 162,366 shares during the period. Finally, City of London Investment Management Co. Ltd. increased its holdings in shares of Templeton Emerging Markets Fund by 5.4% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 4,171,496 shares of the financial services provider’s stock worth $69,831,000 after acquiring an additional 212,281 shares during the period. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.