The Korea Fund, Inc. (NYSE:KF) Short Interest Up 32.7% in March

The Korea Fund, Inc. (NYSE:KF) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,900 shares, a growth of 32.7% from the February 28th total of 5,200 shares. Based on an average daily trading volume, of 13,600 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On The Korea Fund

Several institutional investors and hedge funds have recently bought and sold shares of KF. Bank of America Corp DE grew its stake in shares of The Korea Fund by 37.5% during the 4th quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock valued at $91,000 after buying an additional 1,350 shares during the period. Matisse Capital acquired a new position in The Korea Fund in the fourth quarter valued at $291,000. CSS LLC IL grew its position in The Korea Fund by 33.8% during the fourth quarter. CSS LLC IL now owns 18,512 shares of the company’s stock valued at $341,000 after acquiring an additional 4,677 shares during the period. Logan Stone Capital LLC acquired a new stake in The Korea Fund during the fourth quarter worth about $417,000. Finally, Mraz Amerine & Associates Inc. raised its holdings in shares of The Korea Fund by 26.2% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 62,111 shares of the company’s stock worth $1,146,000 after purchasing an additional 12,901 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.

The Korea Fund Trading Down 0.1 %

Shares of NYSE KF traded down $0.03 on Wednesday, reaching $20.15. 9,399 shares of the company traded hands, compared to its average volume of 12,605. The Korea Fund has a fifty-two week low of $18.35 and a fifty-two week high of $26.30. The company has a 50 day moving average of $20.51 and a 200 day moving average of $20.76.

About The Korea Fund

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.