Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 26,200 shares, a growth of 219.5% from the September 30th total of 8,200 shares. Based on an average trading volume of 27,600 shares, the short-interest ratio is currently 0.9 days.
Templeton Emerging Markets Fund Stock Performance
EMF stock remained flat at $13.13 during mid-day trading on Friday. 7,555 shares of the company's stock traded hands, compared to its average volume of 25,170. The business has a fifty day simple moving average of $13.09 and a 200 day simple moving average of $12.54. Templeton Emerging Markets Fund has a 52-week low of $10.58 and a 52-week high of $14.44.
Institutional Trading of Templeton Emerging Markets Fund
Several hedge funds have recently bought and sold shares of the stock. Hara Capital LLC raised its holdings in Templeton Emerging Markets Fund by 1.6% during the 2nd quarter. Hara Capital LLC now owns 58,198 shares of the financial services provider's stock worth $719,000 after buying an additional 933 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in Templeton Emerging Markets Fund by 10.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider's stock worth $227,000 after buying an additional 1,712 shares during the period. SouthState Corp acquired a new stake in Templeton Emerging Markets Fund during the 2nd quarter worth approximately $58,000. Family Firm Inc. raised its holdings in Templeton Emerging Markets Fund by 2.3% during the 1st quarter. Family Firm Inc. now owns 211,049 shares of the financial services provider's stock worth $2,520,000 after buying an additional 4,816 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Templeton Emerging Markets Fund by 5.1% during the 1st quarter. Lazard Asset Management LLC now owns 124,332 shares of the financial services provider's stock worth $1,484,000 after buying an additional 6,027 shares during the period. 49.86% of the stock is currently owned by institutional investors and hedge funds.
About Templeton Emerging Markets Fund
(
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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.
Further Reading
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