The Korea Fund, Inc. (NYSE:KF) Short Interest Update

The Korea Fund, Inc. (NYSE:KF) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,900 shares, a growth of 32.7% from the February 28th total of 5,200 shares. Based on an average trading volume of 13,600 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

The Korea Fund Trading Down 0.6 %

Shares of NYSE:KF traded down $0.11 during midday trading on Monday, hitting $20.02. 13,121 shares of the stock were exchanged, compared to its average volume of 15,274. The Korea Fund has a twelve month low of $18.35 and a twelve month high of $26.30. The company has a 50 day moving average price of $20.50 and a 200-day moving average price of $20.79.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of The Korea Fund by 37.5% in the 4th 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. Matisse Capital purchased a new position in The Korea Fund in the fourth quarter valued at about $291,000. CSS LLC IL raised its position in 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 purchasing an additional 4,677 shares during the period. Logan Stone Capital LLC acquired a new position in shares of The Korea Fund during the fourth quarter worth about $417,000. Finally, Mraz Amerine & Associates Inc. boosted its position in shares of The Korea Fund by 26.2% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 62,111 shares of the company’s stock worth $1,146,000 after buying an additional 12,901 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.

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.