Templeton Emerging Markets Income Fund (NYSE:TEI) Short Interest Down 33.3% in July

Templeton Emerging Markets Income Fund (NYSE:TEI) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 56,800 shares, adeclineof33.3% from the July 15th total of 85,100 shares. Based on an average daily volume of 183,900 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 183,900 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Templeton Emerging Markets Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Invictus Private Wealth LLC increased its position in shares of Templeton Emerging Markets Income Fund by 2.6% during the first quarter. Invictus Private Wealth LLC now owns 99,734 shares of the company’s stock worth $537,000 after purchasing an additional 2,572 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Templeton Emerging Markets Income Fund by 95.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock worth $35,000 after buying an additional 2,860 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Templeton Emerging Markets Income Fund by 30.2% during the second quarter. Envestnet Asset Management Inc. now owns 17,119 shares of the company’s stock worth $103,000 after buying an additional 3,970 shares during the last quarter. Round Rock Advisors LLC increased its position in Templeton Emerging Markets Income Fund by 20.5% during the 1st quarter. Round Rock Advisors LLC now owns 28,028 shares of the company’s stock worth $151,000 after purchasing an additional 4,770 shares during the period. Finally, Savvy Advisors Inc. increased its position in Templeton Emerging Markets Income Fund by 5.2% during the 1st quarter. Savvy Advisors Inc. now owns 117,727 shares of the company’s stock worth $633,000 after purchasing an additional 5,845 shares during the period.

Templeton Emerging Markets Income Fund Trading Down 0.8%

TEI opened at $6.00 on Thursday. The business’s 50-day simple moving average is $5.99 and its 200-day simple moving average is $5.61. Templeton Emerging Markets Income Fund has a one year low of $4.78 and a one year high of $6.22.

Templeton Emerging Markets Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.0475 per share. The ex-dividend date is Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets 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 the fixed income markets of emerging market countries across the globe. It primarily invests in bonds issued by sovereign or sovereign-related entities and private sector companies.