The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,600 shares, a decline of 62.3% from the March 15th total of 6,900 shares. Currently, 0.1% of the company's shares are sold short. Based on an average trading volume of 13,000 shares, the days-to-cover ratio is currently 0.2 days.
The Korea Fund Price Performance
NYSE:KF traded up $0.07 during trading hours on Friday, reaching $20.05. The company's stock had a trading volume of 2,995 shares, compared to its average volume of 15,211. The Korea Fund has a 1 year low of $18.15 and a 1 year high of $26.30. The firm has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $20.41.
Hedge Funds Weigh In On The Korea Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Matisse Capital bought a new position in The Korea Fund in the 4th quarter worth $291,000. Mraz Amerine & Associates Inc. boosted its position in The Korea Fund by 26.2% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 62,111 shares of the company's stock valued at $1,146,000 after acquiring an additional 12,901 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of The Korea Fund by 128.7% in the 4th quarter. Wolverine Asset Management LLC now owns 73,165 shares of the company's stock worth $1,349,000 after acquiring an additional 41,171 shares in the last quarter. Bank of America Corp DE boosted its position in shares of The Korea Fund by 37.5% during the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company's stock valued at $91,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Logan Stone Capital LLC purchased a new stake in The Korea Fund in the fourth quarter worth $417,000. Institutional investors own 69.99% of the company's stock.
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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