Templeton Emerging Markets Fund (NYSE:EMF) Short Interest Up 219.5% in October

Templeton Emerging Markets Fund (NYSE:EMF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 26,200 shares, a growth of 219.5% from the September 30th total of 8,200 shares. Based on an average daily volume of 27,600 shares, the short-interest ratio is currently 0.9 days.

Templeton Emerging Markets Fund Price Performance

EMF stock remained flat at $13.13 during trading hours on Friday. The company’s stock had a trading volume of 7,555 shares, compared to its average volume of 25,170. Templeton Emerging Markets Fund has a 1 year low of $10.58 and a 1 year high of $14.44. The firm has a 50 day moving average price of $13.10 and a 200-day moving average price of $12.56.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. SouthState Corp bought a new position in shares of Templeton Emerging Markets Fund during the second quarter valued at about $58,000. Cetera Advisors LLC purchased a new stake in Templeton Emerging Markets Fund in the 1st quarter valued at about $190,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of Templeton Emerging Markets Fund by 10.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,336 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 1,712 shares during the last quarter. Calamos Advisors LLC boosted its stake in Templeton Emerging Markets Fund by 46.4% in the second quarter. Calamos Advisors LLC now owns 24,768 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 7,855 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its stake in Templeton Emerging Markets Fund by 23.6% during the 1st 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 in the last quarter. Institutional investors own 49.86% of the company’s stock.

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.