Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Short Interest Report for September

Templeton Emerging Markets Income Fund (NYSE:TEI) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 47,834 shares, a decrease of 36.4% from the September 15th total of 75,244 shares. Based on an average daily trading volume, of 182,238 shares, the days-to-cover ratio is currently 0.3 days.

Templeton Emerging Markets Income Fund Stock Performance

TEI stock opened at $6.26 on Friday. Templeton Emerging Markets Income Fund has a 1-year low of $5.75 and a 1-year high of $7.00. The business has a fifty day moving average price of $6.52 and a 200-day moving average price of $6.50.

Templeton Emerging Markets Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be issued a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Wednesday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Shaker Financial Services LLC grew its stake in shares of Templeton Emerging Markets Income Fund by 18.6% during the 3rd quarter. Shaker Financial Services LLC now owns 356,491 shares of the company’s stock valued at $2,192,000 after acquiring an additional 55,827 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Templeton Emerging Markets Income Fund by 6.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 48,854 shares of the company’s stock worth $300,000 after purchasing an additional 3,030 shares during the period. Kaizen Financial Strategies increased its stake in shares of Templeton Emerging Markets Income Fund by 4.6% in the third quarter. Kaizen Financial Strategies now owns 186,155 shares of the company’s stock worth $1,145,000 after purchasing an additional 8,150 shares in the last quarter. Corient Private Wealth LP purchased a new stake in shares of Templeton Emerging Markets Income Fund in the second quarter worth $173,000. Finally, HighTower Advisors LLC increased its stake in shares of Templeton Emerging Markets Income Fund by 0.8% in the second quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock worth $3,466,000 after purchasing an additional 3,920 shares in the last quarter.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.