Short Interest in Templeton Emerging Markets Income Fund (NYSE:TEI) Increases By 63.2%

Templeton Emerging Markets Income Fund (NYSE:TEI) was the recipient of a large growth in short interest during 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 daily trading volume, of 168,400 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Templeton Emerging Markets Income Fund

A number of hedge funds have recently made changes to their positions in TEI. Avior Wealth Management LLC grew its position in Templeton Emerging Markets Income Fund by 69.4% during the fourth 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 period. B. Riley Wealth Advisors Inc. grew its position in shares of Templeton Emerging Markets Income Fund by 9.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 30,519 shares of the company’s stock valued at $178,000 after acquiring an additional 2,579 shares during the period. Optimum Investment Advisors increased its stake in shares of Templeton Emerging Markets Income Fund by 120.0% during the 4th 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. SeaCrest Wealth Management LLC raised its holdings in shares of Templeton Emerging Markets Income Fund by 19.2% in the 4th quarter. SeaCrest Wealth Management LLC now owns 24,719 shares of the company’s stock worth $127,000 after purchasing an additional 3,983 shares during the period. Finally, Private Advisor Group LLC raised its holdings in shares of Templeton Emerging Markets Income Fund by 3.6% in the 4th quarter. Private Advisor Group LLC now owns 129,750 shares of the company’s stock worth $666,000 after purchasing an additional 4,500 shares during the period.

Templeton Emerging Markets Income Fund Stock Up 0.1 %

TEI stock opened at $5.50 on Monday. The business has a 50 day moving average of $5.36 and a 200-day moving average of $5.46. Templeton Emerging Markets Income Fund has a 12-month low of $5.04 and a 12-month high of $5.94.

Templeton Emerging Markets Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0475 per share. This represents a $0.57 annualized dividend and a dividend yield of 10.37%. The ex-dividend date is Monday, March 17th.

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.