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

Templeton Emerging Markets Income Fund (NYSE:TEI) saw a significant growth in short interest during the month of 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 presently 0.4 days.

Templeton Emerging Markets Income Fund Trading Up 0.8 %

Shares of Templeton Emerging Markets Income Fund stock opened at $5.19 on Wednesday. Templeton Emerging Markets Income Fund has a twelve month low of $5.01 and a twelve month high of $5.94. The business’s 50 day simple moving average is $5.29 and its 200-day simple moving average is $5.50.

Templeton Emerging Markets Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid a $0.0475 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date is Tuesday, January 21st.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

Institutional investors have recently modified their holdings of the company. Pekin Hardy Strauss Inc. acquired a new position in Templeton Emerging Markets Income Fund during the 3rd quarter valued at about $73,000. Northwestern Mutual Wealth Management Co. increased its position in 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. Choreo LLC bought a new stake in Templeton Emerging Markets Income Fund during the 2nd quarter valued at $99,000. SeaCrest Wealth Management LLC boosted its position in Templeton Emerging Markets Income Fund by 15.2% during the 3rd 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 during the period. Finally, William Howard & Co Financial Advisors Inc bought a new position in shares of Templeton Emerging Markets Income Fund in the third quarter worth $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.