Templeton Emerging Markets Income Fund (NYSE:TEI – Get Rating) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 7,400 shares, a drop of 60.4% from the April 30th total of 18,700 shares. Based on an average daily volume of 157,700 shares, the days-to-cover ratio is presently 0.0 days.
Templeton Emerging Markets Income Fund Stock Up 2.1 %
TEI stock traded up $0.10 during midday trading on Friday, reaching $4.91. 98,798 shares of the company were exchanged, compared to its average volume of 183,079. Templeton Emerging Markets Income Fund has a 1-year low of $4.33 and a 1-year high of $6.20. The stock’s 50-day simple moving average is $5.00 and its 200 day simple moving average is $5.18.
Templeton Emerging Markets Income Fund Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be given a $0.0476 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 11.63%. This is a positive change from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.05. The ex-dividend date is Friday, May 12th.
Hedge Funds Weigh In On Templeton Emerging Markets Income Fund
Templeton Emerging Markets Income Fund Company Profile
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.
- Get a free copy of the StockNews.com research report on Templeton Emerging Markets Income Fund (TEI)
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