Templeton Emerging Markets Income Fund (NYSE:TEI) Short Interest Down 60.5% in January

Templeton Emerging Markets Income Fund (NYSE:TEI) was the target of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 41,800 shares, a decrease of 60.5% from the January 15th total of 105,800 shares. Based on an average daily volume of 157,800 shares, the days-to-cover ratio is presently 0.3 days.

Templeton Emerging Markets Income Fund Price Performance

Shares of Templeton Emerging Markets Income Fund stock opened at $5.42 on Friday. The business has a fifty day simple moving average of $5.28 and a two-hundred day simple moving average of $5.48. Templeton Emerging Markets Income Fund has a 12 month low of $5.04 and a 12 month high of $5.94.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.0475 per share. This represents a $0.57 annualized dividend and a yield of 10.53%. The ex-dividend date of this dividend is Tuesday, February 18th.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TEI. Avior Wealth Management LLC boosted its position in shares of Templeton Emerging Markets Income Fund by 69.4% in the 4th quarter. Avior Wealth Management LLC now owns 6,116 shares of the company’s stock worth $31,000 after purchasing an additional 2,506 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Templeton Emerging Markets Income Fund by 9.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 30,519 shares of the company’s stock valued at $178,000 after buying an additional 2,579 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Templeton Emerging Markets Income Fund by 15.2% in the third quarter. SeaCrest Wealth Management LLC now owns 20,736 shares of the company’s stock worth $121,000 after acquiring an additional 2,740 shares in the last quarter. Optimum Investment Advisors grew its stake in shares of Templeton Emerging Markets Income Fund by 120.0% in the fourth quarter. Optimum Investment Advisors now owns 5,500 shares of the company’s stock worth $28,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Templeton Emerging Markets Income Fund by 3.6% in the fourth quarter. Private Advisor Group LLC now owns 129,750 shares of the company’s stock worth $666,000 after acquiring an additional 4,500 shares during the last quarter.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.