Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Update

Templeton Emerging Markets Fund (NYSE:EMF) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 8,000 shares, a decrease of 20.0% from the February 13th total of 10,000 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 46,900 shares, the days-to-cover ratio is presently 0.2 days.

Templeton Emerging Markets Fund Stock Up 0.3 %

Shares of NYSE EMF traded up $0.05 during mid-day trading on Tuesday, hitting $13.28. The company had a trading volume of 134,300 shares, compared to its average volume of 30,619. Templeton Emerging Markets Fund has a 1-year low of $11.14 and a 1-year high of $14.44. The business’s 50-day simple moving average is $12.59 and its 200 day simple moving average is $12.75.

Templeton Emerging Markets Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Monday, March 17th.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CSS LLC IL purchased a new position in shares of Templeton Emerging Markets Fund during the fourth quarter worth about $299,000. Logan Stone Capital LLC lifted its position in Templeton Emerging Markets Fund by 35.6% in the fourth quarter. Logan Stone Capital LLC now owns 96,616 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 25,379 shares during the period. Bank of America Corp DE lifted its position in Templeton Emerging Markets Fund by 33.9% in the fourth quarter. Bank of America Corp DE now owns 296,864 shares of the financial services provider’s stock valued at $3,548,000 after purchasing an additional 75,240 shares during the period. Almitas Capital LLC acquired a new stake in Templeton Emerging Markets Fund in the fourth quarter valued at about $454,000. Finally, AQR Arbitrage LLC lifted its position in Templeton Emerging Markets Fund by 23.4% in the fourth quarter. AQR Arbitrage LLC now owns 98,579 shares of the financial services provider’s stock valued at $1,178,000 after purchasing an additional 18,710 shares during the period. Hedge funds and other institutional investors own 49.86% of the company’s stock.

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.