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

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,500 shares, a growth of 88.9% from the October 31st total of 4,500 shares. Based on an average daily volume of 29,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Templeton Emerging Markets Fund

Hedge funds have recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC bought a new stake in shares of Templeton Emerging Markets Fund during the third quarter valued at about $5,455,000. Wolverine Asset Management LLC boosted its stake in Templeton Emerging Markets Fund by 25.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 71,552 shares of the financial services provider’s stock valued at $969,000 after purchasing an additional 14,312 shares in the last quarter. Logan Stone Capital LLC bought a new stake in shares of Templeton Emerging Markets Fund in the 2nd quarter worth $789,000. City of London Investment Management Co. Ltd. lifted its holdings in shares of Templeton Emerging Markets Fund by 2.6% in the second quarter. City of London Investment Management Co. Ltd. now owns 3,730,251 shares of the financial services provider’s stock valued at $46,106,000 after buying an additional 94,263 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Templeton Emerging Markets Fund by 10.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,712 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Stock Performance

Shares of NYSE EMF traded up $0.09 during midday trading on Thursday, hitting $12.65. 14,129 shares of the company’s stock were exchanged, compared to its average volume of 24,906. Templeton Emerging Markets Fund has a twelve month low of $10.68 and a twelve month high of $14.44. The stock’s 50 day moving average price is $13.18 and its 200-day moving average price is $12.73.

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.