Templeton Emerging Markets Income Fund (NYSE:TEI) Short Interest Down 76.6% in April

Templeton Emerging Markets Income Fund (NYSE:TEI) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 30,008 shares, a drop of 76.6% from the April 15th total of 128,230 shares. Based on an average daily volume of 135,636 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Templeton Emerging Markets Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Kercheville Advisors LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 4.0% in the 4th quarter. Kercheville Advisors LLC now owns 63,172 shares of the company’s stock worth $420,000 after purchasing an additional 2,402 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 0.9% in the 4th quarter. Evergreen Capital Management LLC now owns 3,079,241 shares of the company’s stock worth $19,861,000 after purchasing an additional 26,106 shares in the last quarter. Shaker Financial Services LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 17.9% in the 4th quarter. Shaker Financial Services LLC now owns 179,677 shares of the company’s stock worth $1,159,000 after purchasing an additional 27,330 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 3.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 260,405 shares of the company’s stock worth $1,680,000 after purchasing an additional 8,333 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in shares of Templeton Emerging Markets Income Fund by 8.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 205,260 shares of the company’s stock worth $1,324,000 after purchasing an additional 16,565 shares in the last quarter.

Templeton Emerging Markets Income Fund Stock Up 0.9%

Shares of Templeton Emerging Markets Income Fund stock traded up $0.06 on Wednesday, reaching $6.45. The company’s stock had a trading volume of 148,835 shares, compared to its average volume of 229,267. The firm’s fifty day simple moving average is $6.35 and its two-hundred day simple moving average is $6.50. Templeton Emerging Markets Income Fund has a 52 week low of $5.44 and a 52 week high of $7.00.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.0475 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

About Templeton Emerging Markets Income Fund

Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.

The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.