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

The Korea Fund, Inc. (NYSE:KF) saw a large growth in short interest in 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 daily volume of 18,200 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On The Korea Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC boosted its position in The Korea Fund by 76.5% in the third quarter. Wolverine Asset Management LLC now owns 31,994 shares of the company’s stock valued at $728,000 after buying an additional 13,869 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of The Korea Fund during the third quarter worth $6,220,000. Matisse Capital purchased a new position in shares of The Korea Fund during the fourth quarter worth $291,000. Mraz Amerine & Associates Inc. lifted its position in 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 purchasing an additional 12,901 shares during the period. Finally, Bank of America Corp DE boosted 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 purchasing an additional 1,350 shares during the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.

The Korea Fund Stock Up 1.1 %

NYSE:KF traded up $0.22 during trading hours on Monday, hitting $20.61. 2,922 shares of the company were exchanged, compared to its average volume of 12,393. 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 price is $19.95 and its 200-day moving average price is $21.38.

The Korea Fund Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 27th were issued a dividend of $0.4542 per share. The ex-dividend date was Friday, December 27th.

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.