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

Templeton Emerging Markets Income Fund (NYSE:TEI) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 71,300 shares, a growth of 63.2% from the February 13th total of 43,700 shares. Based on an average trading volume of 168,400 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 have recently modified their holdings of TEI. Optimum Investment Advisors raised its stake in shares of Templeton Emerging Markets Income Fund by 120.0% in the fourth quarter. Optimum Investment Advisors now owns 5,500 shares of the company’s stock worth $28,000 after purchasing an additional 3,000 shares during the last quarter. Avior Wealth Management LLC raised its position in Templeton Emerging Markets Income Fund by 69.4% in the 4th quarter. Avior Wealth Management LLC now owns 6,116 shares of the company’s stock valued at $31,000 after buying an additional 2,506 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Templeton Emerging Markets Income Fund during the 4th quarter worth $58,000. Apollon Wealth Management LLC bought a new stake in shares of Templeton Emerging Markets Income Fund in the 4th quarter worth $73,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of Templeton Emerging Markets Income Fund in the 3rd quarter worth $73,000.

Templeton Emerging Markets Income Fund Price Performance

TEI stock opened at $5.50 on Monday. Templeton Emerging Markets Income Fund has a 1 year low of $5.04 and a 1 year high of $5.94. The company’s 50-day moving average is $5.36 and its 200-day moving average is $5.46.

Templeton Emerging Markets Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0475 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.57 dividend on an annualized basis and a yield of 10.37%.

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.