Templeton Emerging Markets Income Fund (NYSE:TEI) Short Interest Update

Templeton Emerging Markets Income Fund (NYSE:TEI) was the recipient of a large 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 days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Several institutional investors have recently modified their holdings of the business. Corient Private Wealth LP bought a new stake in shares of Templeton Emerging Markets Income Fund in the second quarter worth approximately $173,000. HighTower Advisors LLC raised its holdings in Templeton Emerging Markets Income Fund by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 514,203 shares of the company’s stock worth $3,466,000 after purchasing an additional 3,920 shares during the period. Readystate Asset Management LP bought a new position in shares of Templeton Emerging Markets Income Fund in the second quarter worth about $100,000. Rareview Capital LLC lifted its holdings in Templeton Emerging Markets Income Fund by 9.7% during the second quarter. Rareview Capital LLC now owns 605,008 shares of the company’s stock valued at $4,078,000 after purchasing an additional 53,423 shares in the last quarter. Finally, Mason & Associates Inc increased its stake in shares of Templeton Emerging Markets Income Fund by 105.3% in the second quarter. Mason & Associates Inc now owns 172,451 shares of the company’s stock worth $1,162,000 after purchasing an additional 88,465 shares in the last quarter.

Templeton Emerging Markets Income Fund Trading Down 0.3%

Templeton Emerging Markets Income Fund stock traded down $0.02 during mid-day trading on Monday, hitting $6.75. The company had a trading volume of 145,389 shares, compared to its average volume of 186,521. The stock’s 50 day moving average price is $6.71 and its two-hundred day moving average price is $6.54. Templeton Emerging Markets Income Fund has a 12 month low of $5.75 and a 12 month 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.