Short Interest in The Korea Fund, Inc. (NYSE:KF) Rises By 28.9%

The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 9,800 shares, a growth of 28.9% from the March 15th total of 7,600 shares. Based on an average daily volume of 17,900 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On The Korea Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. boosted its stake in The Korea Fund by 2.1% in the third quarter. City of London Investment Management Co. Ltd. now owns 1,685,599 shares of the company's stock valued at $35,448,000 after acquiring an additional 34,118 shares during the period. 1607 Capital Partners LLC raised its holdings in shares of The Korea Fund by 1.2% during the fourth quarter. 1607 Capital Partners LLC now owns 451,816 shares of the company's stock valued at $10,572,000 after buying an additional 5,316 shares during the last quarter. Matisse Capital bought a new stake in shares of The Korea Fund during the fourth quarter valued at approximately $2,013,000. Morgan Stanley raised its holdings in shares of The Korea Fund by 3,005.6% during the fourth quarter. Morgan Stanley now owns 32,174 shares of the company's stock valued at $670,000 after buying an additional 31,138 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of The Korea Fund by 10.4% during the first quarter. Bank of America Corp DE now owns 27,142 shares of the company's stock valued at $817,000 after buying an additional 2,563 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

The Korea Fund Stock Down 2.1 %

NYSE:KF traded down $0.51 during mid-day trading on Monday, reaching $23.41. The stock had a trading volume of 15,353 shares, compared to its average volume of 18,045. The Korea Fund has a 1-year low of $18.30 and a 1-year high of $25.56. The stock's 50 day simple moving average is $24.15 and its two-hundred day simple moving average is $22.39.

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.