The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 10,800 shares, an increase of 27.1% from the August 31st total of 8,500 shares. Based on an average trading volume of 16,900 shares, the days-to-cover ratio is currently 0.6 days.
The Korea Fund Stock Down 0.9 %
Shares of The Korea Fund stock traded down $0.21 during midday trading on Friday, reaching $23.48. 16,089 shares of the company's stock traded hands, compared to its average volume of 15,217. The Korea Fund has a 52 week low of $18.30 and a 52 week high of $26.30. The company's 50 day simple moving average is $24.22 and its 200 day simple moving average is $24.31.
Hedge Funds Weigh In On The Korea Fund
Several institutional investors have recently bought and sold shares of KF. Commonwealth Equity Services LLC bought a new position in shares of The Korea Fund in the first quarter valued at approximately $2,041,000. Mraz Amerine & Associates Inc. lifted its position in The Korea Fund by 169.9% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company's stock worth $869,000 after acquiring an additional 22,675 shares during the last quarter. JBF Capital Inc. boosted its holdings in The Korea Fund by 16.4% during the second quarter. JBF Capital Inc. now owns 142,000 shares of the company's stock valued at $3,426,000 after acquiring an additional 20,000 shares during the period. Wolverine Asset Management LLC bought a new stake in The Korea Fund during the second quarter valued at about $437,000. Finally, 1607 Capital Partners LLC grew its position in shares of The Korea Fund by 1.2% in the fourth quarter. 1607 Capital Partners LLC now owns 451,816 shares of the company's stock valued at $10,572,000 after purchasing an additional 5,316 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors.
The Korea Fund Company Profile
(
Get Free Report)
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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