The Korea Fund, Inc. (NYSE:KF) Sees Large Growth in Short Interest

The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,900 shares, an increase of 32.7% from the February 28th total of 5,200 shares. Based on an average daily trading volume, of 13,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company's shares are sold short.

The Korea Fund Stock Down 3.6 %

KF traded down $0.72 on Friday, hitting $19.28. The company had a trading volume of 4,643 shares, compared to its average volume of 15,218. The company's fifty day moving average price is $20.49 and its 200 day moving average price is $20.72. The Korea Fund has a 1 year low of $18.35 and a 1 year high of $26.30.

Institutional Investors Weigh In On The Korea Fund

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of The Korea Fund by 37.5% during the 4th 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 purchased a new position in shares of The Korea Fund during the fourth quarter worth $291,000. CSS LLC IL grew its stake 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 buying an additional 4,677 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in shares of The Korea Fund in the fourth quarter valued at $417,000. Finally, Mraz Amerine & Associates Inc. raised its holdings in shares of The Korea Fund by 26.2% in the 4th 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. 69.99% of the stock is currently owned by institutional investors and hedge funds.

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.