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

Templeton Emerging Markets Income Fund (NYSE:TEI – Get Rating) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 15,200 shares, a decrease of 62.8% from the April 30th total of 40,900 shares. Based on an average daily trading volume, of 160,000 shares, the days-to-cover ratio is currently 0.1 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC grew its holdings in shares of Templeton Emerging Markets Income Fund by 12.9% during the 1st quarter. Evergreen Capital Management LLC now owns 2,496,859 shares of the company’s stock worth $17,104,000 after purchasing an additional 284,345 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Templeton Emerging Markets Income Fund by 47.7% in the first quarter. Guggenheim Capital LLC now owns 153,270 shares of the company’s stock valued at $1,050,000 after buying an additional 49,512 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Templeton Emerging Markets Income Fund in the first quarter valued at about $139,000. Invesco Ltd. boosted its stake in Templeton Emerging Markets Income Fund by 5.3% in the first quarter. Invesco Ltd. now owns 766,696 shares of the company’s stock valued at $5,251,000 after buying an additional 38,744 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in Templeton Emerging Markets Income Fund by 229.0% in the first quarter. Ancora Advisors LLC now owns 315,851 shares of the company’s stock valued at $2,328,000 after buying an additional 219,852 shares in the last quarter.

Shares of TEI traded up $0.06 during trading hours on Friday, hitting $6.03. 95,253 shares of the company were exchanged, compared to its average volume of 163,659. Templeton Emerging Markets Income Fund has a fifty-two week low of $5.54 and a fifty-two week high of $8.23. The firm’s fifty day moving average is $6.24 and its 200 day moving average is $6.83.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.94%. The ex-dividend date is Friday, May 13th.

About Templeton Emerging Markets Income Fund (Get Rating)

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.

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