Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Update

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 26,200 shares, an increase of 219.5% from the September 30th total of 8,200 shares. Based on an average daily volume of 27,600 shares, the short-interest ratio is presently 0.9 days.

Templeton Emerging Markets Fund Stock Performance

NYSE EMF remained flat at $13.13 on Friday. The company’s stock had a trading volume of 7,555 shares, compared to its average volume of 25,170. The firm has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $12.56. Templeton Emerging Markets Fund has a one year low of $10.58 and a one year high of $14.44.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Several large investors have recently made changes to their positions in the stock. Uncommon Cents Investing LLC increased its holdings in shares of Templeton Emerging Markets Fund by 23.6% in the 1st quarter. Uncommon Cents Investing LLC now owns 57,342 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 10,940 shares during the last quarter. Family Firm Inc. raised its holdings in Templeton Emerging Markets Fund by 2.3% during the first quarter. Family Firm Inc. now owns 211,049 shares of the financial services provider’s stock worth $2,520,000 after purchasing an additional 4,816 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in shares of Templeton Emerging Markets Fund by 4.4% in the first quarter. City of London Investment Management Co. Ltd. now owns 3,635,988 shares of the financial services provider’s stock valued at $43,414,000 after purchasing an additional 152,456 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Templeton Emerging Markets Fund by 5.1% during the first 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 during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Templeton Emerging Markets Fund in the 1st quarter worth approximately $190,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

About Templeton Emerging Markets Fund

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.