Templeton Emerging Markets Fund (NYSE:EMF) Sees Significant Increase in Short Interest

Templeton Emerging Markets Fund (NYSE:EMF - Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 22,100 shares, a growth of 176.3% from the February 28th total of 8,000 shares. Based on an average trading volume of 60,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company's stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Templeton Emerging Markets Fund in the 4th quarter valued at approximately $59,000. Modern Wealth Management LLC bought a new stake in shares of Templeton Emerging Markets Fund in the fourth quarter worth $143,000. HighTower Advisors LLC raised its holdings in Templeton Emerging Markets Fund by 6.3% in the third quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider's stock valued at $182,000 after acquiring an additional 819 shares in the last quarter. Calamos Advisors LLC boosted its stake in 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 acquiring an additional 4,295 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in Templeton Emerging Markets Fund during the 4th quarter worth $278,000. Institutional investors and hedge funds own 49.86% of the company's stock.

Templeton Emerging Markets Fund Trading Down 1.1 %

Shares of NYSE EMF traded down $0.15 during trading on Monday, reaching $12.87. 22,412 shares of the stock were exchanged, compared to its average volume of 51,259. The business's 50-day moving average price is $12.80 and its 200 day moving average price is $12.78. Templeton Emerging Markets Fund has a twelve month low of $11.14 and a twelve month high of $14.44.

Templeton Emerging Markets Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Monday, March 17th.

About Templeton Emerging Markets Fund

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.