Templeton Global Income Fund (NYSE:GIM) Short Interest Down 38.2% in May

view original post

Templeton Global Income Fund (NYSE:GIMGet Rating) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 70,100 shares, a drop of 38.2% from the May 15th total of 113,500 shares. Based on an average trading volume of 205,300 shares, the days-to-cover ratio is currently 0.3 days.

Several hedge funds and other institutional investors have recently modified their holdings of GIM. Advisor Group Holdings Inc. increased its position in Templeton Global Income Fund by 33.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 57,103 shares of the financial services provider’s stock worth $296,000 after buying an additional 14,375 shares during the period. Fiera Capital Corp grew its stake in shares of Templeton Global Income Fund by 2.9% in the 4th quarter. Fiera Capital Corp now owns 364,120 shares of the financial services provider’s stock valued at $1,890,000 after purchasing an additional 10,351 shares during the last quarter. Smith Moore & CO. grew its stake in shares of Templeton Global Income Fund by 11.7% in the 4th quarter. Smith Moore & CO. now owns 81,480 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 8,520 shares during the last quarter. Foresight Wealth Management LLC grew its stake in shares of Templeton Global Income Fund by 20.3% in the 4th quarter. Foresight Wealth Management LLC now owns 72,508 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 12,256 shares during the last quarter. Finally, Family Firm Inc. grew its stake in shares of Templeton Global Income Fund by 3.8% in the 4th quarter. Family Firm Inc. now owns 610,142 shares of the financial services provider’s stock valued at $3,167,000 after purchasing an additional 22,425 shares during the last quarter. 54.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of GIM opened at $4.55 on Monday. Templeton Global Income Fund has a 52-week low of $4.43 and a 52-week high of $5.68. The stock has a fifty day simple moving average of $4.70 and a two-hundred day simple moving average of $4.95.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 17th will be given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date of this dividend is Thursday, June 16th.

Templeton Global Income Fund Company Profile (Get Rating)

Templeton Global 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 fixed income markets across the globe. It primarily invests in government bonds. The fund is actively managed. It benchmarks the performance of its portfolio against the J.P.

See Also

Receive News & Ratings for Templeton Global Income Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Templeton Global Income Fund and related companies with MarketBeat.com’s FREE daily email newsletter.