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

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 4,500 shares, a decrease of 82.8% from the October 15th total of 26,200 shares. Based on an average daily trading volume, of 28,400 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Templeton Emerging Markets Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC boosted its holdings in Templeton Emerging Markets Fund by 25.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 71,552 shares of the financial services provider’s stock worth $969,000 after acquiring an additional 14,312 shares during the last quarter. Logan Stone Capital LLC bought a new stake in Templeton Emerging Markets Fund in the 2nd quarter worth about $789,000. City of London Investment Management Co. Ltd. grew its position in Templeton Emerging Markets Fund by 2.6% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,730,251 shares of the financial services provider’s stock worth $46,106,000 after purchasing an additional 94,263 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Templeton Emerging Markets Fund by 10.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,712 shares during the last quarter. Finally, SouthState Corp bought a new position in shares of Templeton Emerging Markets Fund during the 2nd quarter worth approximately $58,000. 49.86% of the stock is currently owned by institutional investors.

Templeton Emerging Markets Fund Trading Down 2.5 %

Shares of NYSE EMF traded down $0.32 during trading on Tuesday, reaching $12.73. The company had a trading volume of 11,680 shares, compared to its average volume of 25,070. Templeton Emerging Markets Fund has a 12 month low of $10.68 and a 12 month high of $14.44. The company’s fifty day moving average price is $13.17 and its 200-day moving average price is $12.70.

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.