The Korea Fund, Inc. (NYSE:KF) Short Interest Update

The Korea Fund, Inc. (NYSE:KF) 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

A number of hedge funds and other institutional investors have recently bought and sold shares of KF. Bank of America Corp DE raised its holdings in The Korea Fund by 37.5% in the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock worth $91,000 after purchasing an additional 1,350 shares during the period. Matisse Capital acquired a new stake in The Korea Fund in the fourth quarter worth $291,000. CSS LLC IL raised its holdings in The Korea Fund by 33.8% in the fourth quarter. CSS LLC IL now owns 18,512 shares of the company’s stock worth $341,000 after purchasing an additional 4,677 shares during the period. Logan Stone Capital LLC acquired a new stake in The Korea Fund in the fourth quarter worth $417,000. Finally, Mraz Amerine & Associates Inc. raised its holdings in The Korea Fund by 26.2% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 62,111 shares of the company’s stock worth $1,146,000 after purchasing an additional 12,901 shares during the period. 69.99% of the stock is owned by institutional investors.

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.