Templeton Emerging Markets Income Fund (NYSE:TEI) Stock Short Interest Report for September

Templeton Emerging Markets Income Fund (NYSE:TEI) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 47,834 shares, a decline of 36.4% from the September 15th total of 75,244 shares. Based on an average daily trading volume, of 182,238 shares, the short-interest ratio is presently 0.3 days.

Templeton Emerging Markets Income Fund Price Performance

Shares of TEI stock opened at $6.22 on Friday. The company’s fifty day simple moving average is $6.51 and its two-hundred day simple moving average is $6.50. Templeton Emerging Markets Income Fund has a 1 year low of $5.75 and a 1 year high of $7.00.

Templeton Emerging Markets Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be given a $0.0615 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $0.74 annualized dividend and a dividend yield of 11.9%.

Institutional Trading of Templeton Emerging Markets Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in TEI. Shaker Financial Services LLC increased its position in shares of Templeton Emerging Markets Income Fund by 18.6% during the third quarter. Shaker Financial Services LLC now owns 356,491 shares of the company’s stock valued at $2,192,000 after buying an additional 55,827 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Templeton Emerging Markets Income Fund by 6.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 48,854 shares of the company’s stock valued at $300,000 after acquiring an additional 3,030 shares during the period. Kaizen Financial Strategies grew its stake in Templeton Emerging Markets Income Fund by 4.6% during the third quarter. Kaizen Financial Strategies now owns 186,155 shares of the company’s stock valued at $1,145,000 after acquiring an additional 8,150 shares in the last quarter. Corient Private Wealth LP purchased a new position in Templeton Emerging Markets Income Fund during the second quarter valued at approximately $173,000. Finally, HighTower Advisors LLC grew its stake in Templeton Emerging Markets Income Fund by 0.8% during the second quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock valued at $3,466,000 after acquiring an additional 3,920 shares in the last quarter.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end investment company managed by Franklin Advisers, Inc, part of Franklin Templeton. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

TEI invests primarily in debt securities issued by governments, government-related entities and companies in emerging-market countries. Its portfolio may include sovereign and corporate bonds, emerging-market debt denominated in both local and foreign currencies, and other income-producing securities.

Through its investments, the fund provides exposure to emerging markets across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.