Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 412.5% in September

Templeton Emerging Markets Fund (NYSE:EMF) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 8,200 shares, a growth of 412.5% from the September 15th total of 1,600 shares. Based on an average trading volume of 24,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. SouthState Corp acquired a new position in Templeton Emerging Markets Fund in the 2nd quarter valued at $58,000. Cetera Advisors LLC acquired a new stake in shares of Templeton Emerging Markets Fund during the first quarter worth about $190,000. Blue Bell Private Wealth Management LLC boosted its position 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 period. Calamos Advisors LLC grew its stake in Templeton Emerging Markets Fund by 46.4% during the 2nd quarter. Calamos Advisors LLC now owns 24,768 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 7,855 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Templeton Emerging Markets Fund by 72.6% in the second quarter. Wolverine Asset Management LLC now owns 57,240 shares of the financial services provider’s stock worth $707,000 after acquiring an additional 24,073 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

Templeton Emerging Markets Fund Stock Performance

NYSE EMF traded up $0.16 during mid-day trading on Friday, reaching $13.87. 92,085 shares of the stock were exchanged, compared to its average volume of 24,828. Templeton Emerging Markets Fund has a 1 year low of $10.58 and a 1 year high of $14.44. The business’s 50 day moving average is $12.86 and its 200-day moving average is $12.44.

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.