Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Down 20.0% in February

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,000 shares, a drop of 20.0% from the February 13th total of 10,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 46,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

A number of large investors have recently made changes to their positions in the company. Family Firm Inc. grew its stake 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 purchasing an additional 797 shares during the period. HighTower Advisors LLC grew its stake in shares of Templeton Emerging Markets Fund by 6.3% during the 3rd quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider's stock valued at $182,000 after purchasing an additional 819 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Templeton Emerging Markets Fund by 5.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 65,562 shares of the financial services provider's stock valued at $783,000 after purchasing an additional 3,300 shares during the period. Park Avenue Securities LLC grew its stake in shares of Templeton Emerging Markets Fund by 7.4% during the 4th quarter. Park Avenue Securities LLC now owns 59,305 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 4,101 shares during the period. Finally, Calamos Advisors LLC grew its stake in shares of Templeton Emerging Markets Fund by 23.8% during the 4th quarter. Calamos Advisors LLC now owns 22,343 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 4,295 shares during the period. 49.86% of the stock is currently owned by institutional investors.

Remove Ads

Templeton Emerging Markets Fund Trading Down 1.4 %

Shares of Templeton Emerging Markets Fund stock traded down $0.18 during trading hours on Thursday, reaching $13.31. 15,296 shares of the stock traded hands, compared to its average volume of 34,320. The company has a 50 day moving average price of $12.62 and a 200 day moving average price of $12.75. Templeton Emerging Markets Fund has a one year low of $11.14 and a one year high of $14.44.

Templeton Emerging Markets Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.61%.

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.