Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 112.4% in August

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 18,762 shares, a growth of 112.4% from the August 15th total of 8,832 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 31,968 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMF. Fifth Third Bancorp bought a new position in Templeton Emerging Markets Fund during the first quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Templeton Emerging Markets Fund in the second quarter worth about $39,000. Global Retirement Partners LLC purchased a new position in Templeton Emerging Markets Fund during the 2nd quarter worth approximately $53,000. Hara Capital LLC purchased a new position in shares of Templeton Emerging Markets Fund during the second quarter valued at $58,000. Finally, Csenge Advisory Group purchased a new position in Templeton Emerging Markets Fund during the 2nd quarter valued at about $109,000. 49.86% of the stock is owned by institutional investors.

Templeton Emerging Markets Fund Price Performance

NYSE EMF traded down $0.09 on Tuesday, hitting $21.93. The stock had a trading volume of 13,140 shares, compared to its average volume of 52,366. Templeton Emerging Markets Fund has a one year low of $16.07 and a one year high of $24.70. The company’s 50-day moving average is $22.03 and its two-hundred day moving average is $21.27.

Templeton Emerging Markets Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.96 annualized dividend and a dividend yield of 4.4%.

Templeton Emerging Markets Fund Company Profile

Templeton Emerging Markets Fund (NYSE: EMF) is a closed-end investment fund that seeks long-term capital appreciation by investing primarily in equity securities of companies located in emerging-market countries. The fund provides investors with diversified exposure to businesses operating in developing economies.

The fund may invest across a range of emerging-market regions, including Asia, Latin America, Europe, Africa and the Middle East. Its portfolio can include companies from various industries, with investments selected based on the growth potential and fundamental characteristics of individual businesses and markets.

Templeton Emerging Markets Fund is managed by investment professionals affiliated with Franklin Templeton, a global asset-management organization.