The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 14,200 shares, agrowthof129.0% from the July 15th total of 6,200 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 1.1 days. Approximately0.7% of the company's shares are short sold. Approximately0.7% of the company's shares are short sold. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 1.1 days.
Institutional Investors Weigh In On The Korea Fund
A number of large investors have recently made changes to their positions in KF. City of London Investment Management Co. Ltd. increased its stake in shares of The Korea Fund by 22.2% during the second quarter. City of London Investment Management Co. Ltd. now owns 1,322,098 shares of the company's stock valued at $35,604,000 after buying an additional 239,908 shares during the period. Lazard Asset Management LLC increased its position in The Korea Fund by 8.5% during the 4th quarter. Lazard Asset Management LLC now owns 640,223 shares of the company's stock valued at $11,807,000 after purchasing an additional 50,165 shares during the period. Allspring Global Investments Holdings LLC increased its position in The Korea Fund by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,343 shares of the company's stock valued at $4,857,000 after purchasing an additional 3,479 shares during the period. Matisse Capital raised its holdings in The Korea Fund by 278.9% in the 2nd quarter. Matisse Capital now owns 82,265 shares of the company's stock worth $2,215,000 after purchasing an additional 60,555 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of The Korea Fund by 10.9% in the 1st quarter. Wolverine Asset Management LLC now owns 81,156 shares of the company's stock worth $1,620,000 after purchasing an additional 7,991 shares during the period. 69.99% of the stock is currently owned by institutional investors.
The Korea Fund Stock Up 1.8%
Shares of NYSE KF traded up $0.50 during mid-day trading on Friday, hitting $27.60. The stock had a trading volume of 5,216 shares, compared to its average volume of 13,321. The business has a 50 day moving average price of $27.14 and a two-hundred day moving average price of $23.14. The Korea Fund has a 1 year low of $18.15 and a 1 year high of $28.49.
About The Korea Fund
(
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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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