Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Decreases By 11.5%

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 10,000 shares, a drop of 11.5% from the January 31st total of 11,300 shares. Based on an average daily trading volume, of 47,000 shares, the days-to-cover ratio is presently 0.2 days.

Templeton Emerging Markets Fund Stock Up 3.3 %

Templeton Emerging Markets Fund stock opened at $13.15 on Thursday. Templeton Emerging Markets Fund has a 12 month low of $11.14 and a 12 month high of $14.44. The business has a 50 day moving average price of $12.39 and a two-hundred day moving average price of $12.73.

Templeton Emerging Markets Fund Announces Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.5114 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a yield of 1.2%.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Family Firm Inc. boosted its position in shares of Templeton Emerging Markets Fund by 0.3% during the 4th quarter. Family Firm Inc. now owns 268,707 shares of the financial services provider’s stock valued at $3,211,000 after acquiring an additional 797 shares in the last quarter. Alexander Randolph Advisory Inc. raised its holdings in shares of Templeton Emerging Markets Fund by 3.8% in the 4th quarter. Alexander Randolph Advisory Inc. now owns 128,758 shares of the financial services provider’s stock worth $1,539,000 after buying an additional 4,764 shares in the last quarter. Wolverine Asset Management LLC raised its stake in Templeton Emerging Markets Fund by 56.6% during the fourth quarter. Wolverine Asset Management LLC now owns 112,049 shares of the financial services provider’s stock worth $1,339,000 after acquiring an additional 40,497 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Templeton Emerging Markets Fund during the fourth quarter worth $59,000. Finally, Calamos Advisors LLC lifted its holdings in shares of Templeton Emerging Markets Fund by 23.8% during the fourth quarter. Calamos Advisors LLC now owns 22,343 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 4,295 shares during the period. 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.