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

The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 14,200 shares, an increase of 118.5% from the May 15th total of 6,500 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of The Korea Fund during the first quarter worth approximately $395,000. NewEdge Advisors LLC lifted its holdings in shares of The Korea Fund by 91.7% during the first quarter. NewEdge Advisors LLC now owns 1,275 shares of the company's stock worth $25,000 after buying an additional 610 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of The Korea Fund by 10.9% during the first quarter. Wolverine Asset Management LLC now owns 81,156 shares of the company's stock worth $1,620,000 after buying an additional 7,991 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in shares of The Korea Fund by 6.7% during the first quarter. City of London Investment Management Co. Ltd. now owns 1,082,190 shares of the company's stock worth $21,601,000 after buying an additional 67,623 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of The Korea Fund by 69.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company's stock worth $29,000 after buying an additional 600 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

The Korea Fund Stock Down 1.9%

KF traded down $0.48 on Tuesday, hitting $25.00. The company had a trading volume of 6,752 shares, compared to its average volume of 17,410. The Korea Fund has a 1-year low of $18.15 and a 1-year high of $26.30. The company's fifty day moving average price is $21.73 and its 200 day moving average price is $20.63.

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.