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

The Korea Fund, Inc. (NYSE:KF) was the recipient of a significant increase in short interest in 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. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KF. Bank of America Corp DE lifted its holdings in 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 last quarter. Matisse Capital acquired a new stake in The Korea Fund during the fourth quarter valued at approximately $291,000. CSS LLC IL lifted its stake in The Korea Fund by 33.8% during 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 last quarter. Logan Stone Capital LLC bought a new stake in The Korea Fund during the fourth quarter worth approximately $417,000. Finally, Mraz Amerine & Associates Inc. grew its position in 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 last quarter. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Stock Performance

NYSE KF traded up $0.20 on Tuesday, reaching $20.16. 2,204 shares of the stock traded hands, compared to its average volume of 15,237. The Korea Fund has a 12 month low of $18.35 and a 12 month high of $26.30. The firm’s fifty day simple moving average is $20.51 and its 200 day simple moving average is $20.76.

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.