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

Templeton Emerging Markets Income Fund (NYSE:TEI) was the recipient of 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 daily trading volume, of 149,100 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Templeton Emerging Markets Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEI. Avior Wealth Management LLC raised its position in Templeton Emerging Markets Income Fund by 69.4% in the fourth quarter. Avior Wealth Management LLC now owns 6,116 shares of the company’s stock valued at $31,000 after purchasing an additional 2,506 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Templeton Emerging Markets Income Fund by 350.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,511 shares of the company’s stock valued at $72,000 after buying an additional 10,511 shares during the period. Pekin Hardy Strauss Inc. acquired a new position in Templeton Emerging Markets Income Fund in the third quarter valued at about $73,000. Choreo LLC purchased a new position in Templeton Emerging Markets Income Fund during the second quarter worth about $99,000. Finally, SeaCrest Wealth Management LLC increased its position in shares of Templeton Emerging Markets Income Fund by 15.2% during the third quarter. SeaCrest Wealth Management LLC now owns 20,736 shares of the company’s stock valued at $121,000 after acquiring an additional 2,740 shares during the last quarter.

Templeton Emerging Markets Income Fund Stock Down 0.4 %

TEI traded down $0.02 on Friday, reaching $5.23. The stock had a trading volume of 118,307 shares, compared to its average volume of 148,610. The business’s 50-day moving average price is $5.28 and its two-hundred day moving average price is $5.49. Templeton Emerging Markets Income Fund has a 12-month low of $5.01 and a 12-month high of $5.94.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a $0.0475 dividend. This represents a $0.57 annualized dividend and a dividend yield of 10.90%. The ex-dividend date of this dividend is Tuesday, January 21st.

About Templeton Emerging Markets Income Fund

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.