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

The Korea Fund, Inc. (NYSE:KF) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 5,200 shares, a decline 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 daily volume of 14,800 shares, the short-interest ratio is currently 0.4 days.

The Korea Fund Stock Up 0.3 %

Shares of KF stock traded up $0.07 on Friday, reaching $20.44. The stock had a trading volume of 6,943 shares, compared to its average volume of 11,387. The firm’s 50-day moving average is $20.23 and its two-hundred day moving average is $21.10. The Korea Fund has a 12 month low of $18.35 and a 12 month high of $26.30.

The Korea Fund Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 27th were given a dividend of $0.4542 per share. The ex-dividend date of this dividend was Friday, December 27th.

Hedge Funds Weigh In On The Korea Fund

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in The Korea Fund by 37.5% during the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock valued at $91,000 after purchasing an additional 1,350 shares in the last quarter. CSS LLC IL grew its holdings in shares of 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 last quarter. Mraz Amerine & Associates Inc. grew its holdings in shares of 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 last quarter. Matisse Capital bought a new position in The Korea Fund during the 4th quarter worth about $291,000. Finally, Logan Stone Capital LLC bought a new position in The Korea Fund during the 4th quarter worth about $417,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

The Korea Fund Company Profile

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.