The Korea Fund, Inc. (NYSE:KF – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 5,200 shares, a drop of 40.2% from the February 13th total of 8,700 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 14,800 shares, the days-to-cover ratio is currently 0.4 days.
The Korea Fund Price Performance
KF stock traded up $0.07 during midday trading on Friday, reaching $20.44. The company’s stock had a trading volume of 6,943 shares, compared to its average volume of 11,387. The Korea Fund has a 52 week low of $18.35 and a 52 week high of $26.30. The business’s 50-day simple moving average is $20.23 and its 200-day simple moving average is $21.04.
The Korea Fund Dividend Announcement
The firm also recently disclosed a — dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 27th were paid a $0.4542 dividend. The ex-dividend date was Friday, December 27th.
Hedge Funds Weigh In On The Korea Fund
About The Korea Fund
The Korea Fund, Inc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity markets of Korea. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies.
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