Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 88.9% in November

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,500 shares, a growth of 88.9% from the October 31st total of 4,500 shares. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is presently 0.3 days.

Templeton Emerging Markets Fund Stock Down 0.3 %

NYSE EMF traded down $0.04 on Friday, reaching $12.61. The company had a trading volume of 28,974 shares, compared to its average volume of 24,923. Templeton Emerging Markets Fund has a 1 year low of $10.68 and a 1 year high of $14.44. The firm has a 50-day moving average of $13.17 and a 200-day moving average of $12.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC acquired a new position in shares of Templeton Emerging Markets Fund in the third quarter worth about $5,455,000. Wolverine Asset Management LLC raised its position in shares of Templeton Emerging Markets Fund by 25.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 71,552 shares of the financial services provider’s stock valued at $969,000 after purchasing an additional 14,312 shares in the last quarter. Logan Stone Capital LLC acquired a new position in shares of Templeton Emerging Markets Fund in the 2nd quarter valued at approximately $789,000. City of London Investment Management Co. Ltd. boosted its stake in shares of Templeton Emerging Markets Fund by 2.6% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 3,730,251 shares of the financial services provider’s stock valued at $46,106,000 after buying an additional 94,263 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of Templeton Emerging Markets Fund by 10.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider’s stock worth $227,000 after buying an additional 1,712 shares in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

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.