The Korea Fund, Inc. (NYSE:KF – Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,200 shares, a drop of 40.2% from the February 13th total of 8,700 shares. Based on an average trading volume of 14,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are sold short.
Institutional Investors Weigh In On The Korea Fund
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in 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 valued at $91,000 after purchasing an additional 1,350 shares in the last quarter. Matisse Capital acquired a new stake in shares of The Korea Fund in the 4th quarter valued at $291,000. CSS LLC IL increased its stake in shares of The Korea Fund by 33.8% in the 4th 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 during the period. Logan Stone Capital LLC acquired a new stake in shares of The Korea Fund in the 4th quarter valued at $417,000. Finally, Mraz Amerine & Associates Inc. increased its stake 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 owned by institutional investors and hedge funds.
The Korea Fund Price Performance
Shares of KF opened at $20.87 on Monday. The Korea Fund has a 1 year low of $18.35 and a 1 year high of $26.30. The stock has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $21.04.
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.
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