Traders are feeling more bearish on Templeton Emerging Markets Fund considering the change in short interest. The firm saw a rise in short interest between September 29, 2017 and October 13, 2017 of 9.04%. Short shares grew 4,346 over that timeframe. The short-interest ratio increased to 2.0 and the percentage of shorted shares was 0.00% on October 13.
These firms have modified their investment in EMF. Guggenheim Capital LLC added to its investment by buying 97,740 shares an increase of 3,194.1%. Guggenheim Capital LLC claims 100,800 shares valued at $1,665,000. The total value of its holdings increased 3,519.6%. Cohen & Steers Inc cut its ownership by selling 37,457 shares a decrease of 9.9% as of 09/30/2017. Cohen & Steers Inc owns 339,859 shares with a value of $5,614,000. The value of the position overall is down by 0.2%.
Relative Value Partners Group, LLC downsized its position by shedding 30,687 shares a decrease of 4.4% in the quarter. Relative Value Partners Group, LLC now holds 662,095 shares worth $10,919,000. The total value of its holdings increased 5.7%. 1607 Capital Partners, LLC grew its holdings by buying 6,060 shares an increase of 0.5% from 06/30/2017 to 09/30/2017. 1607 Capital Partners, LLC currently owns 1,312,820 shares worth $21,650,000. The value of the position overall is up by 11.1%.
The company is trading up by 1.73% since yesterday’s close of 16.75. Templeton Emerging Markets Fund currently has a P/E ratio of 3.71 and the market cap of the company is 300.94M. As of the latest earnings report the EPS was $4.59 with 17.53M shares presently outstanding.
Templeton Emerging Markets Fund, launched on February 28, 2002, is a closed-end investment company. The Fund seeksLong-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in emerging country equity securities. The Fund?s investment strategy employs a fundamental, value-oriented,Long-term approach..Advertisement