Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 11,300 shares, a growth of 31.4% from the January 15th total of 8,600 shares. Based on an average daily trading volume, of 47,400 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. CSS LLC IL acquired a new stake in Templeton Emerging Markets Fund during the 4th quarter valued at $299,000. Logan Stone Capital LLC boosted its position in Templeton Emerging Markets Fund by 35.6% in the 4th quarter. Logan Stone Capital LLC now owns 96,616 shares of the financial services provider's stock valued at $1,155,000 after buying an additional 25,379 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Templeton Emerging Markets Fund by 33.9% during the fourth quarter. Bank of America Corp DE now owns 296,864 shares of the financial services provider's stock valued at $3,548,000 after acquiring an additional 75,240 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of Templeton Emerging Markets Fund during the fourth quarter worth about $454,000. Finally, AQR Arbitrage LLC lifted its stake in shares of Templeton Emerging Markets Fund by 23.4% in the fourth quarter. AQR Arbitrage LLC now owns 98,579 shares of the financial services provider's stock worth $1,178,000 after acquiring an additional 18,710 shares in the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.
Templeton Emerging Markets Fund Stock Up 1.2 %
Shares of EMF traded up $0.15 during mid-day trading on Tuesday, reaching $13.11. The company had a trading volume of 32,955 shares, compared to its average volume of 42,240. The firm has a fifty day simple moving average of $12.23 and a 200-day simple moving average of $12.67. Templeton Emerging Markets Fund has a fifty-two week low of $11.14 and a fifty-two week high of $14.44.
Templeton Emerging Markets Fund Dividend Announcement
The firm also recently announced an annual dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.5114 per share. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 1.2%.
Templeton Emerging Markets Fund Company Profile
(
Get Free Report)
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.
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