Short Interest in Templeton Emerging Markets Income Fund (NYSE:TEI) Grows By 69.6%

Templeton Emerging Markets Income Fund (NYSE:TEI) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 126,313 shares, an increase of 69.6% from the July 30th total of 74,468 shares. Based on an average daily volume of 121,524 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Templeton Emerging Markets Income Fund

Several institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in Templeton Emerging Markets Income Fund in the 1st quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. grew its holdings in Templeton Emerging Markets Income Fund by 95.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock valued at $35,000 after buying an additional 2,860 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Templeton Emerging Markets Income Fund by 572.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,272 shares of the company’s stock valued at $50,000 after acquiring an additional 7,894 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Templeton Emerging Markets Income Fund during the 3rd quarter valued at about $50,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Templeton Emerging Markets Income Fund during the fourth quarter valued at about $64,000.

Templeton Emerging Markets Income Fund Stock Down 1.6%

Shares of TEI traded down $0.11 during trading hours on Tuesday, reaching $6.65. 124,834 shares of the stock traded hands, compared to its average volume of 186,080. The company’s 50-day moving average price is $6.72 and its two-hundred day moving average price is $6.54. Templeton Emerging Markets Income Fund has a 52-week low of $5.75 and a 52-week high of $7.00.

Templeton Emerging Markets Income Fund Company Profile

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.