Short Interest in The Korea Fund, Inc. (NYSE:KF) Expands By 85.1%

The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 8,700 shares, a growth of 85.1% from the January 31st total of 4,700 shares. Based on an average trading volume of 18,200 shares, the days-to-cover ratio is presently 0.5 days.

The Korea Fund Stock Performance

Shares of KF traded up $0.33 during mid-day trading on Wednesday, reaching $20.66. 4,412 shares of the company's stock were exchanged, compared to its average volume of 12,391. The Korea Fund has a 52-week low of $18.35 and a 52-week high of $26.30. The business's fifty day simple moving average is $19.98 and its 200-day simple moving average is $21.32.

The Korea Fund Dividend Announcement

The company 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KF. Bank of America Corp DE lifted 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 valued at $91,000 after acquiring an additional 1,350 shares during the period. CSS LLC IL lifted its position 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 valued at $341,000 after acquiring an additional 4,677 shares in the last quarter. Mraz Amerine & Associates Inc. lifted its stake in shares of The Korea Fund by 26.2% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 62,111 shares of the company's stock valued at $1,146,000 after buying an additional 12,901 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of The Korea Fund by 76.5% during the third 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 last quarter. Finally, Matisse Capital acquired a new stake in The Korea Fund in the 4th quarter worth about $291,000. 69.99% of the stock is owned by hedge funds and other institutional investors.

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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.