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

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 4,300 shares, a decrease of 82.4% from the August 15th total of 24,500 shares. Based on an average daily volume of 35,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its holdings in Templeton Emerging Markets Fund by 5.8% in the second quarter. LPL Financial LLC now owns 11,007 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 600 shares in the last quarter. First Trust Advisors LP raised its holdings in Templeton Emerging Markets Fund by 1.2% in the second quarter. First Trust Advisors LP now owns 68,027 shares of the financial services provider’s stock valued at $1,346,000 after acquiring an additional 788 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Templeton Emerging Markets Fund by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,311 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 1,214 shares in the last quarter. Royal Bank of Canada raised its holdings in Templeton Emerging Markets Fund by 2.3% in the second quarter. Royal Bank of Canada now owns 79,364 shares of the financial services provider’s stock valued at $1,571,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Templeton Emerging Markets Fund by 3.8% in the second quarter. Park Avenue Securities LLC now owns 50,198 shares of the financial services provider’s stock valued at $993,000 after acquiring an additional 1,851 shares in the last quarter. 42.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of EMF traded down $0.10 during mid-day trading on Wednesday, hitting $17.71. 1,220 shares of the company’s stock were exchanged, compared to its average volume of 32,995. Templeton Emerging Markets Fund has a fifty-two week low of $14.90 and a fifty-two week high of $20.96. The stock’s 50-day moving average is $18.17 and its 200-day moving average is $19.07.

Templeton Emerging Markets Fund Company Profile

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.

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