Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Update

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 10,357 shares, a drop of 53.9% from the July 15th total of 22,467 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 48,341 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Large investors have recently made changes to their positions in the company. Visionary Wealth Advisors acquired a new position in Templeton Emerging Markets Fund during the 2nd quarter valued at about $1,128,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Templeton Emerging Markets Fund during the 2nd quarter worth approximately $780,000. Csenge Advisory Group bought a new stake in shares of Templeton Emerging Markets Fund during the second quarter worth approximately $109,000. OneDigital Investment Advisors LLC bought a new stake in shares of Templeton Emerging Markets Fund during the second quarter worth approximately $258,000. Finally, Global Retirement Partners LLC acquired a new position in Templeton Emerging Markets Fund in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Price Performance

Shares of EMF stock traded up $0.27 during trading hours on Monday, reaching $22.51. 26,707 shares of the company were exchanged, compared to its average volume of 55,386. Templeton Emerging Markets Fund has a fifty-two week low of $15.08 and a fifty-two week high of $24.70. The stock’s fifty day moving average is $22.31 and its two-hundred day moving average is $20.91.

Templeton Emerging Markets Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, June 23rd. This is a positive change from Templeton Emerging Markets Fund’s previous quarterly dividend of $0.22.

About Templeton Emerging Markets Fund

Templeton Emerging Markets Fund (NYSE:EMF) is a closed-end management investment company that seeks long-term capital appreciation and income by investing primarily in equity securities of companies located in emerging market countries. Managed by Franklin Templeton Investment Management, the fund employs a bottom-up, fundamental research approach to identify undervalued opportunities across local stock exchanges. Its emerging markets mandate spans a diverse range of industries, enabling investors to participate in the growth potential of developing economies.

The fund’s portfolio typically includes common stocks of issuers based in regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa.