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

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 7,200 shares, an increase of 242.9% from the May 31st total of 2,100 shares. Based on an average trading volume of 22,700 shares, the days-to-cover ratio is presently 0.3 days.

Templeton Emerging Markets Fund Trading Up 0.5 %

Shares of NYSE:EMF traded up $0.07 during midday trading on Thursday, reaching $12.41. The company had a trading volume of 8,920 shares, compared to its average volume of 24,999. Templeton Emerging Markets Fund has a 1-year low of $10.58 and a 1-year high of $12.70. The company has a fifty day simple moving average of $12.17 and a two-hundred day simple moving average of $11.77.

Institutional Investors Weigh In On Templeton Emerging Markets Fund

A number of institutional investors have recently bought and sold shares of the business. Advantage Trust Co acquired a new stake in Templeton Emerging Markets Fund during the fourth quarter valued at $29,000. FNY Investment Advisers LLC bought a new position in shares of Templeton Emerging Markets Fund during the 4th quarter valued at $29,000. Capital Investment Advisors LLC raised its holdings in Templeton Emerging Markets Fund by 9.2% during the fourth quarter. Capital Investment Advisors LLC now owns 44,365 shares of the financial services provider’s stock valued at $518,000 after buying an additional 3,740 shares in the last quarter. Family Firm Inc. increased its holdings in shares of Templeton Emerging Markets Fund by 2.3% during the 1st quarter. Family Firm Inc. now owns 211,049 shares of the financial services provider’s stock valued at $2,520,000 after acquiring an additional 4,816 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Templeton Emerging Markets Fund by 5.1% in the 1st quarter. Lazard Asset Management LLC now owns 124,332 shares of the financial services provider’s stock valued at $1,484,000 after acquiring an additional 6,027 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

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.