The Korea Fund, Inc. (NYSE:KF) Short Interest Up 5.3% in June

The Korea Fund, Inc. (NYSE:KF) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 6,000 shares, a growth of 5.3% from the May 31st total of 5,700 shares. Based on an average trading volume of 8,700 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new stake in shares of The Korea Fund during the 1st quarter worth $2,041,000. Matisse Capital bought a new position in shares of The Korea Fund during the 4th quarter valued at about $2,013,000. Finally, 1607 Capital Partners LLC increased its position in shares of The Korea Fund by 1.2% during the 4th quarter. 1607 Capital Partners LLC now owns 451,816 shares of the company’s stock valued at $10,572,000 after purchasing an additional 5,316 shares during the last quarter. 69.99% of the stock is owned by institutional investors.

The Korea Fund Price Performance

Shares of KF stock traded up $0.01 during trading hours on Wednesday, reaching $25.05. The stock had a trading volume of 458 shares, compared to its average volume of 13,485. The stock’s fifty day simple moving average is $23.91 and its 200 day simple moving average is $23.57. The Korea Fund has a 12 month low of $18.30 and a 12 month high of $25.56.

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.