Templeton Emerging Markets Income Fund (NYSE:TEI) Short Interest Update

Templeton Emerging Markets Income Fund (NYSE:TEI) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 53,800 shares, a growth of 77.0% from the December 15th total of 30,400 shares. Based on an average daily volume of 149,100 shares, the days-to-cover ratio is currently 0.4 days.

Templeton Emerging Markets Income Fund Stock Performance

Shares of NYSE TEI traded down $0.03 during trading hours on Friday, reaching $5.23. The stock had a trading volume of 87,028 shares, compared to its average volume of 145,263. The business’s fifty day moving average is $5.28 and its two-hundred day moving average is $5.49. Templeton Emerging Markets Income Fund has a twelve month low of $5.01 and a twelve month high of $5.94.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.0475 per share. This represents a $0.57 annualized dividend and a dividend yield of 10.91%. The ex-dividend date is Tuesday, January 21st.

Institutional Trading of Templeton Emerging Markets Income Fund

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Templeton Emerging Markets Income Fund by 350.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,511 shares of the company’s stock valued at $72,000 after acquiring an additional 10,511 shares during the period. Pekin Hardy Strauss Inc. acquired a new position in Templeton Emerging Markets Income Fund during the third quarter valued at approximately $73,000. Choreo LLC acquired a new position in shares of Templeton Emerging Markets Income Fund during the 2nd quarter worth approximately $99,000. SeaCrest Wealth Management LLC raised its position in Templeton Emerging Markets Income Fund by 15.2% during the third quarter. SeaCrest Wealth Management LLC now owns 20,736 shares of the company’s stock worth $121,000 after acquiring an additional 2,740 shares in the last quarter. Finally, William Howard & Co Financial Advisors Inc acquired a new position in shares of Templeton Emerging Markets Income Fund during the 3rd quarter worth about $125,000.

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.