The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 4,700 shares, a decrease of 71.0% from the January 15th total of 16,200 shares. Based on an average daily trading volume, of 22,700 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On The Korea Fund
Several large investors have recently added to or reduced their stakes in KF. Matisse Capital purchased a new position in The Korea Fund during the fourth quarter worth about $291,000. Public Employees Retirement System of Ohio bought a new position in shares of The Korea Fund during the 3rd quarter valued at $6,220,000. Wolverine Asset Management LLC raised its holdings in The Korea Fund by 76.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 31,994 shares of the company's stock worth $728,000 after purchasing an additional 13,869 shares during the period. Finally, Mraz Amerine & Associates Inc. increased its stake in The Korea Fund by 36.6% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company's stock worth $1,120,000 after buying an additional 13,185 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company's stock.
The Korea Fund Stock Performance
Shares of NYSE:KF traded up $0.06 during trading on Friday, reaching $20.85. 4,847 shares of the company traded hands, compared to its average volume of 13,164. The Korea Fund has a 52 week low of $18.35 and a 52 week high of $26.30. The company's 50 day moving average is $19.67 and its two-hundred day moving average is $21.60.
The Korea Fund Announces Dividend
The business also recently declared a -- dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 27th were paid a $0.4542 dividend. The ex-dividend date of this dividend was Friday, December 27th.
The Korea Fund Company Profile
(
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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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