Templeton Global Income Fund (NYSE:GIM) Sees Large Growth in Short Interest

Templeton Global Income Fund (NYSE:GIMGet Rating) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 113,500 shares, a growth of 111.8% from the April 30th total of 53,600 shares. Based on an average daily volume of 209,100 shares, the days-to-cover ratio is currently 0.5 days.

GIM stock traded up $0.02 during trading on Friday, hitting $4.63. 1,408 shares of the company traded hands, compared to its average volume of 231,155. Templeton Global Income Fund has a 1 year low of $4.43 and a 1 year high of $5.69. The company has a 50-day moving average of $4.77 and a 200-day moving average of $5.02.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 9.07%. The ex-dividend date is Friday, May 13th.

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in Templeton Global Income Fund during the 1st quarter valued at about $54,000. CSS LLC IL purchased a new stake in Templeton Global Income Fund in the 4th quarter worth approximately $59,000. Private Advisor Group LLC purchased a new stake in Templeton Global Income Fund in the 4th quarter worth approximately $59,000. David R. Rahn & Associates Inc. purchased a new stake in Templeton Global Income Fund in the 1st quarter worth approximately $68,000. Finally, Wescott Financial Advisory Group LLC purchased a new stake in Templeton Global Income Fund in the 1st quarter worth approximately $78,000. Institutional investors own 54.99% of the company’s stock.

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.

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