Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 71,300 shares, a growth of 63.2% from the February 13th total of 43,700 shares. Based on an average daily trading volume, of 168,400 shares, the short-interest ratio is presently 0.4 days.
Institutional Investors Weigh In On Templeton Emerging Markets Income Fund
Institutional investors have recently modified their holdings of the company. Optimum Investment Advisors lifted its position in shares of Templeton Emerging Markets Income Fund by 120.0% during the 4th quarter. Optimum Investment Advisors now owns 5,500 shares of the company’s stock worth $28,000 after purchasing an additional 3,000 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Templeton Emerging Markets Income Fund by 69.4% during the 4th quarter. Avior Wealth Management LLC now owns 6,116 shares of the company’s stock worth $31,000 after purchasing an additional 2,506 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 4th quarter worth $58,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 3rd quarter worth $73,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Templeton Emerging Markets Income Fund during the 4th quarter worth $73,000.
Templeton Emerging Markets Income Fund Price Performance
Shares of TEI stock opened at $5.50 on Friday. Templeton Emerging Markets Income Fund has a 52 week low of $5.04 and a 52 week high of $5.94. The firm has a 50 day moving average of $5.36 and a two-hundred day moving average of $5.47.
Templeton Emerging Markets Income Fund Announces Dividend
About Templeton Emerging Markets Income Fund
Templeton Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.
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