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

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 8,000 shares, a decrease of 20.0% from the February 13th total of 10,000 shares. Based on an average daily volume of 46,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Templeton Emerging Markets Fund Stock Performance

EMF stock traded up $0.05 during trading on Tuesday, reaching $13.28. The stock had a trading volume of 134,300 shares, compared to its average volume of 30,619. Templeton Emerging Markets Fund has a 1-year low of $11.14 and a 1-year high of $14.44. The firm has a fifty day moving average price of $12.59 and a 200 day moving average price of $12.75.

Templeton Emerging Markets Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.22 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.63%.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Institutional investors have recently modified their holdings of the stock. Modern Wealth Management LLC acquired a new stake in shares of Templeton Emerging Markets Fund in the 4th quarter valued at about $143,000. Family Firm Inc. grew its position in shares of Templeton Emerging Markets Fund by 0.3% during the 4th quarter. Family Firm Inc. now owns 268,707 shares of the financial services provider’s stock valued at $3,211,000 after buying an additional 797 shares during the last quarter. Alexander Randolph Advisory Inc. grew its position in shares of Templeton Emerging Markets Fund by 3.8% during the 4th quarter. Alexander Randolph Advisory Inc. now owns 128,758 shares of the financial services provider’s stock valued at $1,539,000 after buying an additional 4,764 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of Templeton Emerging Markets Fund by 56.6% during the 4th quarter. Wolverine Asset Management LLC now owns 112,049 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 40,497 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Templeton Emerging Markets Fund during the 4th quarter valued at about $59,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Company Profile

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.