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

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 68,871 shares, a growth of 198.5% from the April 15th total of 23,070 shares. Based on an average daily trading volume, of 27,710 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMF. Fifth Third Bancorp bought a new stake in Templeton Emerging Markets Fund in the 1st quarter worth approximately $26,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Templeton Emerging Markets Fund in the fourth quarter valued at $51,000. AQR Capital Management LLC purchased a new position in shares of Templeton Emerging Markets Fund in the first quarter valued at $140,000. Royal Bank of Canada increased its position in Templeton Emerging Markets Fund by 8.3% in the fourth quarter. Royal Bank of Canada now owns 15,404 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in Templeton Emerging Markets Fund in the fourth quarter worth $306,000. 49.86% of the stock is owned by institutional investors.

Templeton Emerging Markets Fund Stock Performance

EMF traded up $0.18 during trading on Thursday, hitting $22.65. 39,015 shares of the company traded hands, compared to its average volume of 35,161. The stock’s 50-day simple moving average is $19.34 and its two-hundred day simple moving average is $18.61. Templeton Emerging Markets Fund has a 1 year low of $13.31 and a 1 year high of $22.75.

Templeton Emerging Markets Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, March 24th.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.