Templeton Emerging Markets Income Fund (NYSE:TEI – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 126,313 shares, an increase of 69.6% from the July 30th total of 74,468 shares. Based on an average daily trading volume, of 121,524 shares, the days-to-cover ratio is currently 1.0 days.
Templeton Emerging Markets Income Fund Price Performance
NYSE TEI traded down $0.02 during trading on Monday, hitting $6.75. 145,389 shares of the company’s stock traded hands, compared to its average volume of 186,521. The business has a 50 day moving average of $6.71 and a 200-day moving average of $6.54. Templeton Emerging Markets Income Fund has a 12-month low of $5.75 and a 12-month high of $7.00.
Hedge Funds Weigh In On Templeton Emerging Markets Income Fund
A number of large investors have recently bought and sold shares of TEI. Janney Montgomery Scott LLC raised its stake in shares of Templeton Emerging Markets Income Fund by 4.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,938 shares of the company’s stock valued at $264,000 after acquiring an additional 1,682 shares during the last quarter. Invictus Private Wealth LLC boosted its stake in shares of Templeton Emerging Markets Income Fund by 2.2% during the 4th quarter. Invictus Private Wealth LLC now owns 110,932 shares of the company’s stock valued at $716,000 after purchasing an additional 2,397 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Templeton Emerging Markets Income Fund by 1.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 181,442 shares of the company’s stock valued at $1,170,000 after buying an additional 2,751 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of Templeton Emerging Markets Income Fund by 8.3% during the third quarter. SeaCrest Wealth Management LLC now owns 36,840 shares of the company’s stock valued at $232,000 after buying an additional 2,813 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Templeton Emerging Markets Income Fund by 95.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,860 shares of the company’s stock worth $35,000 after acquiring an additional 2,860 shares in the last quarter.
About Templeton Emerging Markets Income Fund
Templeton Emerging Markets Income Fund (NYSE: TEI) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Launched in 2006, the fund is managed by Franklin Templeton Investment Management Limited, drawing on the firm’s extensive experience in emerging market debt and equity markets. It is listed on the New York Stock Exchange and conducts its investment operations in U.S. dollars.
The fund’s portfolio is diversified across a broad spectrum of emerging market securities, including sovereign and corporate debt instruments, dividend-paying equities, convertible securities and preferred stocks.
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