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

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 10,357 shares, a decrease of 53.9% from the July 15th total of 22,467 shares. Based on an average daily trading volume, of 48,341 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Templeton Emerging Markets Fund Stock Performance

Shares of EMF traded up $0.04 during midday trading on Friday, hitting $22.21. The stock had a trading volume of 15,757 shares, compared to its average volume of 38,785. The business has a 50-day simple moving average of $22.31 and a two-hundred day simple moving average of $20.90. Templeton Emerging Markets Fund has a fifty-two week low of $15.08 and a fifty-two week high of $24.70.

Templeton Emerging Markets Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.24 dividend. This is a boost from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, June 23rd. This represents a $0.96 annualized dividend and a dividend yield of 4.3%.

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 purchased a new position in Templeton Emerging Markets Fund during the 1st quarter worth approximately $26,000. Hara Capital LLC purchased a new stake in shares of Templeton Emerging Markets Fund in the second quarter valued at $58,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Templeton Emerging Markets Fund in the second quarter worth $39,000. Global Retirement Partners LLC acquired a new stake in shares of Templeton Emerging Markets Fund in the second quarter worth $53,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Templeton Emerging Markets Fund in the first quarter worth $140,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.