Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Decreases By 25.1%

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 13,100 shares, a decrease of 25.1% from the May 15th total of 17,500 shares. Based on an average daily volume of 37,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Templeton Emerging Markets Fund Trading Up 0.5%

Shares of EMF stock opened at $13.91 on Friday. The firm has a 50-day moving average of $13.23 and a 200-day moving average of $12.75. Templeton Emerging Markets Fund has a one year low of $11.14 and a one year high of $14.44.

Templeton Emerging Markets Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.22 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.88 annualized dividend and a dividend yield of 6.33%.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Several institutional investors have recently modified their holdings of EMF. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Templeton Emerging Markets Fund during the fourth quarter valued at approximately $59,000. AQR Capital Management LLC purchased a new stake in shares of Templeton Emerging Markets Fund during the first quarter valued at approximately $140,000. Modern Wealth Management LLC purchased a new stake in shares of Templeton Emerging Markets Fund during the fourth quarter valued at approximately $143,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Templeton Emerging Markets Fund during the first quarter valued at approximately $174,000. Finally, LPL Financial LLC purchased a new stake in shares of Templeton Emerging Markets Fund during the fourth quarter valued at approximately $278,000. 49.86% of the stock is owned by institutional investors.

About Templeton Emerging Markets Fund

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.