Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Update
by Renee Jackson · The Cerbat GemTempleton Emerging Markets Fund (NYSE:EMF – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 68,871 shares, an increase of 198.5% from the April 15th total of 23,070 shares. Based on an average trading volume of 27,710 shares, the short-interest ratio is currently 2.5 days. Approximately 0.5% of the company’s stock are sold short.
Hedge Funds Weigh In On Templeton Emerging Markets Fund
A number of hedge funds have recently bought and sold shares of the business. City of London Investment Management Co. Ltd. raised its position in Templeton Emerging Markets Fund by 5.4% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 4,171,496 shares of the financial services provider’s stock worth $69,831,000 after buying an additional 212,281 shares during the last quarter. Bank of America Corp DE boosted its position in Templeton Emerging Markets Fund by 12.2% in the second quarter. Bank of America Corp DE now owns 372,093 shares of the financial services provider’s stock worth $5,429,000 after purchasing an additional 40,577 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Templeton Emerging Markets Fund by 142.5% during the 3rd quarter. Lazard Asset Management LLC now owns 276,278 shares of the financial services provider’s stock valued at $4,625,000 after purchasing an additional 162,366 shares during the period. Beacon Pointe Advisors LLC bought a new stake in shares of Templeton Emerging Markets Fund during the 4th quarter valued at about $3,463,000. Finally, Uncommon Cents Investing LLC grew its stake in shares of Templeton Emerging Markets Fund by 1.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 157,428 shares of the financial services provider’s stock valued at $2,681,000 after purchasing an additional 1,820 shares during the period. Hedge funds and other institutional investors own 49.86% of the company’s stock.
Templeton Emerging Markets Fund Trading Down 3.4%
Shares of NYSE EMF traded down $0.78 during trading on Friday, reaching $21.87. The company had a trading volume of 31,310 shares, compared to its average volume of 36,333. Templeton Emerging Markets Fund has a 12-month low of $13.31 and a 12-month high of $22.75. The business’s 50-day moving average is $19.39 and its 200 day moving average is $18.63.
Templeton Emerging Markets Fund Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.88 dividend on an annualized basis and a yield of 4.0%.
About Templeton Emerging Markets Fund
Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.
The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.