Templeton Emerging Markets Fund (NYSE:EMF) Sees Large Increase in Short Interest

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 9,000 shares, a growth of 5.9% from the November 15th total of 8,500 shares. Based on an average daily volume of 33,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. HighTower Advisors LLC increased its stake in Templeton Emerging Markets Fund by 6.3% during the third quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 819 shares during the period. Hara Capital LLC lifted its position in Templeton Emerging Markets Fund by 1.6% in the second quarter. Hara Capital LLC now owns 58,198 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 933 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in Templeton Emerging Markets Fund by 10.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 1,712 shares during the period. SouthState Corp bought a new position in shares of Templeton Emerging Markets Fund during the 2nd quarter worth about $58,000. Finally, Calamos Advisors LLC boosted its position in shares of Templeton Emerging Markets Fund by 46.4% during the 2nd quarter. Calamos Advisors LLC now owns 24,768 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 7,855 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Stock Performance

Templeton Emerging Markets Fund stock opened at $12.29 on Tuesday. Templeton Emerging Markets Fund has a 1-year low of $10.68 and a 1-year high of $14.44. The firm’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $12.76.

Templeton Emerging Markets Fund Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.5114 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, December 16th.

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.