Templeton Emerging Markets Income Fund (NYSE:TEI) Sees Significant Decrease in Short Interest

Templeton Emerging Markets Income Fund (NYSE:TEI – Get Rating) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 7,400 shares, a decrease of 60.4% from the April 30th total of 18,700 shares. Based on an average trading volume of 157,700 shares, the short-interest ratio is presently 0.0 days.

Templeton Emerging Markets Income Fund Price Performance

Shares of NYSE:TEI traded up $0.10 during trading on Friday, hitting $4.91. The company’s stock had a trading volume of 98,798 shares, compared to its average volume of 183,079. The company has a 50-day moving average of $5.00 and a 200-day moving average of $5.18. Templeton Emerging Markets Income Fund has a 12 month low of $4.33 and a 12 month high of $6.20.

Templeton Emerging Markets Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a dividend of $0.0476 per share. This is a boost from Templeton Emerging Markets Income Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.57 dividend on an annualized basis and a yield of 11.63%.

Institutional Investors 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 the company. CoreCap Advisors LLC purchased a new position in shares of Templeton Emerging Markets Income Fund in the fourth quarter valued at $33,000. HighTower Advisors LLC lifted its position in shares of Templeton Emerging Markets Income Fund by 172.0% during the fourth quarter. HighTower Advisors LLC now owns 494,998 shares of the company’s stock valued at $2,712,000 after buying an additional 313,003 shares during the last quarter. Elequin Securities LLC acquired a new position in shares of Templeton Emerging Markets Income Fund during the fourth quarter valued at about $58,000. Oppenheimer & Co. Inc. increased its holdings in shares of Templeton Emerging Markets Income Fund by 4.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 110,434 shares of the company’s stock valued at $606,000 after acquiring an additional 4,552 shares in the last quarter. Finally, Shaker Financial Services LLC increased its holdings in Templeton Emerging Markets Income Fund by 95.2% in the 4th quarter. Shaker Financial Services LLC now owns 93,001 shares of the company’s stock worth $511,000 after buying an additional 45,368 shares during the period.

About Templeton Emerging Markets Income Fund

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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.