Templeton Global Income Fund (NYSE:GIM) Short Interest Down 67.0% in April

Templeton Global Income Fund (NYSE:GIM – Get Rating) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 28,500 shares, a decline of 67.0% from the March 31st total of 86,400 shares. Based on an average daily trading volume, of 230,800 shares, the days-to-cover ratio is presently 0.1 days.

NYSE GIM traded down $0.03 on Thursday, reaching $4.69. The stock had a trading volume of 6,206 shares, compared to its average volume of 240,635. The stock has a fifty day moving average price of $4.92 and a two-hundred day moving average price of $5.14. Templeton Global Income Fund has a 12-month low of $4.69 and a 12-month high of $5.69.

The business also recently declared a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Monday, April 18th will be given a $0.036 dividend. The ex-dividend date is Thursday, April 14th. This represents a $0.43 dividend on an annualized basis and a yield of 9.21%.

Large investors have recently made changes to their positions in the company. Sit Investment Associates Inc. grew its position in Templeton Global Income Fund by 4.4% during the third quarter. Sit Investment Associates Inc. now owns 4,465,547 shares of the financial services provider’s stock worth $24,025,000 after buying an additional 186,930 shares during the period. Rivernorth Capital Management LLC lifted its stake in shares of Templeton Global Income Fund by 222.3% during the third quarter. Rivernorth Capital Management LLC now owns 4,226,660 shares of the financial services provider’s stock valued at $22,739,000 after buying an additional 2,915,267 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Templeton Global Income Fund by 1.4% during the fourth quarter. Penserra Capital Management LLC now owns 2,285,347 shares of the financial services provider’s stock valued at $11,860,000 after buying an additional 31,698 shares during the period. Invesco Ltd. lifted its stake in shares of Templeton Global Income Fund by 0.7% during the third quarter. Invesco Ltd. now owns 1,852,796 shares of the financial services provider’s stock valued at $9,968,000 after buying an additional 13,182 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Templeton Global Income Fund by 10.5% during the third quarter. Morgan Stanley now owns 1,494,093 shares of the financial services provider’s stock valued at $8,038,000 after buying an additional 141,505 shares during the period. 51.09% of the stock is owned by institutional investors and hedge funds.

Templeton Global Income Fund Company Profile (Get Rating)

Templeton Global Income Fund is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc It is managed by Franklin Advisers, Inc The fund invests in fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.

See Also