Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Declines By 45.3%

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 26,020 shares, a decrease of 45.3% from the June 15th total of 47,533 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,783 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in Templeton Emerging Markets Fund by 3.5% in the first quarter. Cetera Investment Advisers now owns 22,096 shares of the financial services provider’s stock worth $386,000 after buying an additional 754 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Templeton Emerging Markets Fund by 8.3% during the 4th quarter. Royal Bank of Canada now owns 15,404 shares of the financial services provider’s stock valued at $262,000 after acquiring an additional 1,178 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Templeton Emerging Markets Fund during the 1st quarter valued at $26,000. Uncommon Cents Investing LLC lifted its position in shares of Templeton Emerging Markets Fund by 1.2% during the 4th quarter. Uncommon Cents Investing LLC now owns 157,428 shares of the financial services provider’s stock valued at $2,681,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Templeton Emerging Markets Fund by 11.5% during the 4th quarter. Wells Fargo & Company MN now owns 20,341 shares of the financial services provider’s stock worth $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 Price Performance

Templeton Emerging Markets Fund stock opened at $22.21 on Wednesday. Templeton Emerging Markets Fund has a 52 week low of $14.10 and a 52 week high of $24.70. The company’s 50-day moving average price is $22.81 and its two-hundred day moving average price is $20.35.

Templeton Emerging Markets Fund Increases Dividend

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

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.