Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 112.4% in August

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 18,762 shares, a growth of 112.4% from the August 15th total of 8,832 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 31,968 shares, the short-interest ratio is currently 0.6 days.

Templeton Emerging Markets Fund Stock Performance

EMF traded down $0.52 during trading on Monday, reaching $22.08. The company had a trading volume of 20,984 shares, compared to its average volume of 52,582. Templeton Emerging Markets Fund has a 12 month low of $16.07 and a 12 month high of $24.70. The business’s fifty day moving average price is $22.05 and its 200 day moving average price is $21.26.

Templeton Emerging Markets Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 23rd.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of Templeton Emerging Markets Fund by 3.5% in the 1st quarter. Cetera Investment Advisers now owns 22,096 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 754 shares during the period. Royal Bank of Canada boosted its position in shares of Templeton Emerging Markets Fund by 8.3% during the fourth quarter. Royal Bank of Canada now owns 15,404 shares of the financial services provider’s stock worth $262,000 after buying an additional 1,178 shares during the period. Fifth Third Bancorp bought a new position in shares of Templeton Emerging Markets Fund during the first quarter worth about $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in Templeton Emerging Markets Fund by 5.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,570 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 1,747 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Templeton Emerging Markets Fund by 11.5% in the 4th quarter. Wells Fargo & Company MN now owns 20,341 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 2,096 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE: EMF) is a closed-end investment fund that seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries. The fund provides investors with diversified exposure to businesses operating in developing economies.

The fund may invest across a range of emerging-market regions, including Asia, Latin America, Europe, Africa and the Middle East. Its portfolio can include companies from various industries, with investments selected based on the growth potential and fundamental characteristics of individual businesses and markets.

Templeton Emerging Markets Fund is managed by investment professionals affiliated with Franklin Templeton, a global asset-management organization.