Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Down 35.1% in March

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 19,800 shares, a decrease of 35.1% from the March 15th total of 30,500 shares. Based on an average daily volume of 36,600 shares, the short-interest ratio is currently 0.5 days.

A number of hedge funds and other institutional investors have recently bought and sold shares of EMF. Park Avenue Securities LLC boosted its position in Templeton Emerging Markets Fund by 3.7% during the fourth quarter. Park Avenue Securities LLC now owns 49,900 shares of the financial services provider’s stock valued at $934,000 after acquiring an additional 1,777 shares during the last quarter. Reby Advisors LLC bought a new position in shares of Templeton Emerging Markets Fund during the 4th quarter worth about $39,000. Guggenheim Capital LLC boosted its position in shares of Templeton Emerging Markets Fund by 8.0% during the 3rd quarter. Guggenheim Capital LLC now owns 29,512 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 2,198 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Templeton Emerging Markets Fund by 16.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,097 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 2,398 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Templeton Emerging Markets Fund by 4.3% during the 1st quarter. First Trust Advisors LP now owns 112,658 shares of the financial services provider’s stock worth $1,676,000 after purchasing an additional 4,607 shares in the last quarter.

NYSE EMF traded up $0.10 on Friday, reaching $19.64. The company had a trading volume of 12,481 shares, compared to its average volume of 37,917. Templeton Emerging Markets Fund has a fifty-two week low of $11.60 and a fifty-two week high of $20.96. The business has a 50 day moving average of $19.41 and a two-hundred day moving average of $18.35.

Templeton Emerging Markets Fund Company Profile

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.

Further Reading: Price-Sales Ratio

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