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

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

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

Several institutional investors have recently made changes to their positions in the stock. Evergreen Capital Management LLC boosted its position in shares of Templeton Emerging Markets Income Fund by 6.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,401,733 shares of the company’s stock worth $18,131,000 after acquiring an additional 213,418 shares in the last quarter. HighTower Advisors LLC raised its stake in Templeton Emerging Markets Income Fund by 13.2% during the third quarter. HighTower Advisors LLC now owns 575,978 shares of the company’s stock worth $3,358,000 after buying an additional 67,258 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Templeton Emerging Markets Income Fund by 20.4% during the third quarter. Advisors Asset Management Inc. now owns 284,780 shares of the company’s stock worth $1,660,000 after buying an additional 48,197 shares during the last quarter. Advisor Resource Council bought a new stake in Templeton Emerging Markets Income Fund in the third quarter valued at $254,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in Templeton Emerging Markets Income Fund in the third quarter valued at $189,000.

Templeton Emerging Markets Income Fund Stock Performance

NYSE:TEI traded down $0.03 during mid-day trading on Friday, hitting $5.23. 87,028 shares of the stock were exchanged, compared to its average volume of 145,263. The firm’s 50-day simple moving average is $5.28 and its 200 day simple moving average is $5.49. Templeton Emerging Markets Income Fund has a fifty-two week low of $5.01 and a fifty-two week high of $5.94.

Templeton Emerging Markets Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be given a dividend of $0.0475 per share. This represents a $0.57 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date of this dividend is Tuesday, January 21st.

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.