Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 219.5% in October

Templeton Emerging Markets Fund (NYSE:EMF) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 26,200 shares, a growth of 219.5% from the September 30th total of 8,200 shares. Based on an average daily volume of 27,600 shares, the short-interest ratio is currently 0.9 days.

Templeton Emerging Markets Fund Stock Performance

EMF remained flat at $13.13 on Friday. 7,555 shares of the company’s stock traded hands, compared to its average volume of 40,588. Templeton Emerging Markets Fund has a one year low of $10.58 and a one year high of $14.44. The business has a fifty day moving average price of $13.10 and a two-hundred day moving average price of $12.56.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

A number of institutional investors and hedge funds have recently modified their holdings of EMF. Uncommon Cents Investing LLC raised its holdings in Templeton Emerging Markets Fund by 23.6% during the first quarter. Uncommon Cents Investing LLC now owns 57,342 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 10,940 shares during the last quarter. Family Firm Inc. raised its stake in shares of Templeton Emerging Markets Fund by 2.3% during the 1st quarter. Family Firm Inc. now owns 211,049 shares of the financial services provider’s stock worth $2,520,000 after buying an additional 4,816 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its position in shares of Templeton Emerging Markets Fund by 4.4% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 3,635,988 shares of the financial services provider’s stock worth $43,414,000 after buying an additional 152,456 shares in the last quarter. Lazard Asset Management LLC grew its stake in Templeton Emerging Markets Fund by 5.1% in the 1st quarter. Lazard Asset Management LLC now owns 124,332 shares of the financial services provider’s stock valued at $1,484,000 after acquiring an additional 6,027 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new position in Templeton Emerging Markets Fund during the 1st quarter valued at about $190,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

About Templeton Emerging Markets Fund

Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc The fund is managed by Templeton Asset Management Ltd. It invests in the public equity markets of emerging market countries across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors.