Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Short Interest Report for September

Templeton Emerging Markets Income Fund (NYSE:TEI) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 47,834 shares, a decline of 36.4% from the September 15th total of 75,244 shares. Based on an average daily volume of 182,238 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rareview Capital LLC boosted its holdings in shares of Templeton Emerging Markets Income Fund by 9.7% during the 2nd quarter. Rareview Capital LLC now owns 605,008 shares of the company’s stock valued at $4,078,000 after purchasing an additional 53,423 shares during the last quarter. HighTower Advisors LLC boosted its stake in Templeton Emerging Markets Income Fund by 0.8% during the second quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock valued at $3,466,000 after buying an additional 3,920 shares during the last quarter. Shaker Financial Services LLC grew its holdings in Templeton Emerging Markets Income Fund by 18.6% during the 3rd quarter. Shaker Financial Services LLC now owns 356,491 shares of the company’s stock valued at $2,192,000 after buying an additional 55,827 shares in the last quarter. Cetera Investment Advisers grew its holdings in Templeton Emerging Markets Income Fund by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 244,294 shares of the company’s stock valued at $1,468,000 after buying an additional 7,936 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Templeton Emerging Markets Income Fund by 457.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 228,071 shares of the company’s stock valued at $1,371,000 after buying an additional 187,133 shares in the last quarter.

Templeton Emerging Markets Income Fund Stock Performance

TEI stock opened at $6.26 on Friday. Templeton Emerging Markets Income Fund has a 1-year low of $5.75 and a 1-year high of $7.00. The business has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $6.50.

Templeton Emerging Markets Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be issued a $0.0615 dividend. This represents a $0.74 annualized dividend and a dividend yield of 11.8%. The ex-dividend date of this dividend is Wednesday, December 23rd.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.