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

Templeton Emerging Markets Income Fund (NYSE:TEI) saw a significant growth in short interest in 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 trading volume of 149,100 shares, the short-interest ratio is currently 0.4 days.

Templeton Emerging Markets Income Fund Trading Up 0.8 %

NYSE:TEI opened at $5.19 on Wednesday. Templeton Emerging Markets Income Fund has a one year low of $5.01 and a one year 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 firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be given a $0.0475 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 10.98%. The ex-dividend date of this dividend is Tuesday, January 21st.

Institutional Trading of Templeton Emerging Markets Income Fund

A number of hedge funds have recently made changes to their positions in TEI. Northwestern Mutual Wealth Management Co. raised its holdings in Templeton Emerging Markets Income Fund by 350.4% in the second 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 in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of Templeton Emerging Markets Income Fund in the 3rd quarter valued at about $73,000. Choreo LLC bought a new position in shares of Templeton Emerging Markets Income Fund during the second quarter worth about $99,000. SeaCrest Wealth Management LLC grew its stake in Templeton Emerging Markets Income Fund by 15.2% in the third quarter. SeaCrest Wealth Management LLC now owns 20,736 shares of the company’s stock worth $121,000 after purchasing an additional 2,740 shares in the last quarter. Finally, William Howard & Co Financial Advisors Inc acquired a new position in Templeton Emerging Markets Income Fund in the third quarter worth about $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.