Short Interest in Templeton Emerging Markets Fund (NYSE:EMF) Increases By 124.4%

Templeton Emerging Markets Fund (NYSE:EMF) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 10,100 shares, an increase of 124.4% from the March 31st total of 4,500 shares. Based on an average daily volume of 25,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Uncommon Cents Investing LLC grew its holdings in Templeton Emerging Markets Fund by 23.6% during the first quarter. Uncommon Cents Investing LLC now owns 57,342 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 10,940 shares during the period. City of London Investment Management Co. Ltd. grew its holdings in Templeton Emerging Markets Fund by 3.9% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 3,483,532 shares of the financial services provider’s stock valued at $40,688,000 after purchasing an additional 129,629 shares during the period. Advantage Trust Co acquired a new position in Templeton Emerging Markets Fund during the fourth quarter valued at approximately $29,000. Alexander Randolph Advisory Inc. acquired a new position in Templeton Emerging Markets Fund during the fourth quarter valued at approximately $1,390,000. Finally, FNY Investment Advisers LLC acquired a new position in Templeton Emerging Markets Fund during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

Templeton Emerging Markets Fund Stock Up 1.3 %

NYSE EMF traded up $0.15 during trading on Friday, reaching $11.74. 11,546 shares of the stock traded hands, compared to its average volume of 34,093. The stock’s 50-day moving average price is $11.71 and its 200 day moving average price is $11.50. Templeton Emerging Markets Fund has a fifty-two week low of $10.58 and a fifty-two week high of $12.67.

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.