Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Increases By 7.9%

Templeton Emerging Markets Fund (NYSE:EMF – Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 28,700 shares, an increase of 7.9% from the December 15th total of 26,600 shares. Based on an average daily volume of 43,900 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Institutional investors have recently made changes to their positions in the company. City of London Investment Management Co. Ltd. lifted its holdings in Templeton Emerging Markets Fund by 9.3% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 3,048,987 shares of the financial services provider’s stock worth $41,985,000 after purchasing an additional 259,177 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Templeton Emerging Markets Fund during the second quarter worth $2,069,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Templeton Emerging Markets Fund by 11.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,133,337 shares of the financial services provider’s stock worth $12,943,000 after buying an additional 115,000 shares in the last quarter. Family Firm Inc. boosted its position in shares of Templeton Emerging Markets Fund by 24.4% in the third quarter. Family Firm Inc. now owns 171,581 shares of the financial services provider’s stock valued at $1,779,000 after acquiring an additional 33,626 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of Templeton Emerging Markets Fund in the third quarter valued at about $255,000. Institutional investors own 45.28% of the company’s stock.

Templeton Emerging Markets Fund Price Performance

Shares of EMF opened at $12.73 on Wednesday. The company’s 50-day moving average is $11.88 and its 200-day moving average is $11.61. Templeton Emerging Markets Fund has a fifty-two week low of $10.10 and a fifty-two week high of $16.14.

Templeton Emerging Markets Fund Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 30th. Shareholders of record on Monday, December 19th were given a dividend of $1.129 per share. The ex-dividend date of this dividend was Friday, December 16th. This is an increase from Templeton Emerging Markets Fund’s previous annual dividend of $0.41. This represents a yield of 9.13%.

Templeton Emerging Markets Fund Company Profile

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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.