The Korea Fund, Inc. (NYSE:KF - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 5,800 shares, a growth of 123.1% from the March 31st total of 2,600 shares. Currently, 0.3% of the company's shares are short sold. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On The Korea Fund
A number of hedge funds have recently modified their holdings of the business. Matisse Capital bought a new position in The Korea Fund during the 4th quarter worth $291,000. Mraz Amerine & Associates Inc. boosted its holdings 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 valued at $1,146,000 after acquiring an additional 12,901 shares during the last quarter. Wolverine Asset Management LLC lifted 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 purchasing an additional 41,171 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 1,350 shares during the last quarter. Finally, Logan Stone Capital LLC acquired a new stake in shares of The Korea Fund during the fourth quarter worth $417,000. Institutional investors and hedge funds own 69.99% of the company's stock.
The Korea Fund Stock Up 3.0 %
NYSE:KF traded up $0.62 during mid-day trading on Friday, hitting $21.07. 18,932 shares of the company's stock were exchanged, compared to its average volume of 15,668. The Korea Fund has a fifty-two week low of $18.15 and a fifty-two week high of $26.30. The company has a 50 day simple moving average of $20.30 and a 200-day simple moving average of $20.29.
The Korea Fund Company Profile
(
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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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