The Korea Fund, Inc. (NYSE:KF) Short Interest Down 71.0% in January

The Korea Fund, Inc. (NYSE:KF) saw a large decrease in short interest during the month of 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 trading volume of 22,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of The Korea Fund

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of The Korea Fund during the 3rd quarter worth approximately $6,220,000. Wolverine Asset Management LLC boosted its holdings in shares of The Korea Fund by 128.7% in the 4th quarter. Wolverine Asset Management LLC now owns 73,165 shares of the company’s stock valued at $1,349,000 after buying an additional 41,171 shares during the last quarter. Mraz Amerine & Associates Inc. boosted 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 last quarter. Finally, Matisse Capital acquired a new stake in shares of The Korea Fund in the 4th quarter valued at approximately $291,000. 69.99% of the stock is owned by institutional investors.

The Korea Fund Stock Performance

Shares of KF stock traded up $0.01 on Wednesday, reaching $20.30. The company had a trading volume of 2,910 shares, compared to its average volume of 14,668. The company has a 50-day moving average of $19.63 and a 200-day moving average of $21.66. The Korea Fund has a 12 month low of $18.35 and a 12 month high of $26.30.

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

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.