Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 51.1% in December

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 13,900 shares, an increase of 51.1% from the December 15th total of 9,200 shares. Based on an average daily volume of 41,100 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Templeton Emerging Markets Fund

A number of institutional investors have recently made changes to their positions in the stock. Uncommon Cents Investing LLC raised its holdings in Templeton Emerging Markets Fund by 17.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 91,303 shares of the financial services provider’s stock worth $1,091,000 after purchasing an additional 13,890 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Templeton Emerging Markets Fund by 7.4% during the 4th quarter. Park Avenue Securities LLC now owns 59,305 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 4,101 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Templeton Emerging Markets Fund in the 3rd quarter worth $5,455,000. HighTower Advisors LLC lifted its holdings in shares of Templeton Emerging Markets Fund by 6.3% in the third quarter. HighTower Advisors LLC now owns 13,918 shares of the financial services provider’s stock valued at $182,000 after buying an additional 819 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in Templeton Emerging Markets Fund by 25.0% during the third quarter. Wolverine Asset Management LLC now owns 71,552 shares of the financial services provider’s stock valued at $969,000 after buying an additional 14,312 shares in the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Price Performance

Shares of NYSE EMF traded up $0.07 during midday trading on Friday, reaching $12.07. 51,683 shares of the company traded hands, compared to its average volume of 50,217. The stock has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.71. Templeton Emerging Markets Fund has a 52 week low of $10.70 and a 52 week high of $14.44.

Templeton Emerging Markets Fund Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.5114 per share. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 1.2%.

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.