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

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 18,762 shares, an increase of 112.4% from the August 15th total of 8,832 shares. Based on an average trading volume of 31,968 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in shares of Templeton Emerging Markets Fund during the 1st quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Templeton Emerging Markets Fund during the 2nd quarter valued at $39,000. Global Retirement Partners LLC purchased a new stake in Templeton Emerging Markets Fund during the 2nd quarter worth about $53,000. Hara Capital LLC bought a new position in Templeton Emerging Markets Fund in the 2nd quarter worth about $58,000. Finally, Csenge Advisory Group purchased a new position in Templeton Emerging Markets Fund during the 2nd quarter valued at about $109,000. Institutional investors own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Trading Down 0.4%

EMF opened at $21.93 on Wednesday. The company’s 50-day moving average price is $22.02 and its two-hundred day moving average price is $21.27. Templeton Emerging Markets Fund has a twelve month low of $16.07 and a twelve month high of $24.70.

Templeton Emerging Markets Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $0.96 annualized dividend and a dividend yield of 4.4%.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE: EMF) is a closed-end investment fund that seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries. The fund provides investors with diversified exposure to businesses operating in developing economies.

The fund may invest across a range of emerging-market regions, including Asia, Latin America, Europe, Africa and the Middle East. Its portfolio can include companies from various industries, with investments selected based on the growth potential and fundamental characteristics of individual businesses and markets.

Templeton Emerging Markets Fund is managed by investment professionals affiliated with Franklin Templeton, a global asset-management organization.