The Korea Fund, Inc. (
NYSE:KF -
Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,900 shares, a decline of 78.4% from the September 15th total of 8,800 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On The Korea Fund
Several large investors have recently made changes to their positions in KF. PNC Financial Services Group Inc. increased its holdings in shares of The Korea Fund by 69.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company's stock worth $29,000 after acquiring an additional 600 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of The Korea Fund by 91.7% in the first quarter. NewEdge Advisors LLC now owns 1,275 shares of the company's stock worth $25,000 after acquiring an additional 610 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of The Korea Fund by 37.5% in the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company's stock worth $91,000 after acquiring an additional 1,350 shares in the last quarter. Mraz Amerine & Associates Inc. increased its holdings in shares of The Korea Fund by 4.6% in the second quarter. Mraz Amerine & Associates Inc. now owns 68,188 shares of the company's stock worth $1,836,000 after acquiring an additional 2,980 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of The Korea Fund by 1.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 243,343 shares of the company's stock worth $4,857,000 after acquiring an additional 3,479 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company's stock.
The Korea Fund Trading Up 3.4%
Shares of NYSE:KF opened at $33.06 on Friday. The business's fifty day moving average price is $29.41 and its two-hundred day moving average price is $25.67. The Korea Fund has a fifty-two week low of $18.15 and a fifty-two week high of $33.29.
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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