Templeton Emerging Markets Fund (NYSE:EMF) Sees Significant Drop in Short Interest

Templeton Emerging Markets Fund (NYSE:EMFGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 3,300 shares, a decrease of 73.2% from the March 31st total of 12,300 shares. Based on an average daily trading volume, of 34,300 shares, the days-to-cover ratio is presently 0.1 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC lifted its position in Templeton Emerging Markets Fund by 17.5% during the first quarter. Blue Bell Private Wealth Management LLC now owns 24,161 shares of the financial services provider’s stock worth $332,000 after buying an additional 3,590 shares during the period. Flagship Harbor Advisors LLC raised its holdings in shares of Templeton Emerging Markets Fund by 2.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 153,466 shares of the financial services provider’s stock worth $2,110,000 after purchasing an additional 3,280 shares during the period. Stifel Financial Corp raised its holdings in shares of Templeton Emerging Markets Fund by 13.2% in the 4th quarter. Stifel Financial Corp now owns 194,139 shares of the financial services provider’s stock worth $3,114,000 after purchasing an additional 22,571 shares during the period. Saba Capital Management L.P. purchased a new position in shares of Templeton Emerging Markets Fund in the 4th quarter worth about $414,000. Finally, Quantedge Capital Pte Ltd raised its holdings in shares of Templeton Emerging Markets Fund by 6.8% in the 4th quarter. Quantedge Capital Pte Ltd now owns 18,428 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 1,173 shares during the period. Hedge funds and other institutional investors own 50.57% of the company’s stock.

NYSE EMF traded up $0.03 during trading hours on Thursday, hitting $12.18. 19,083 shares of the company’s stock were exchanged, compared to its average volume of 33,877. The business’s 50 day moving average is $13.59 and its 200-day moving average is $15.55. Templeton Emerging Markets Fund has a 12-month low of $12.12 and a 12-month high of $20.26.

About Templeton Emerging Markets Fund (Get Rating)

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.

Featured Stories

Receive News & Ratings for Templeton Emerging Markets Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Templeton Emerging Markets Fund and related companies with MarketBeat.com's FREE daily email newsletter.