The Korea Fund, Inc. (NYSE:KF) Short Interest Up 46.9% in July

The Korea Fund, Inc. (NYSE:KF) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 7,200 shares, a growth of 46.9% from the June 30th total of 4,900 shares. Based on an average daily volume of 8,100 shares, the short-interest ratio is currently 0.9 days.

The Korea Fund Trading Down 0.5 %

Shares of The Korea Fund stock traded down $0.13 on Monday, hitting $24.47. 4,021 shares of the company traded hands, compared to its average volume of 13,004. The Korea Fund has a 12-month low of $18.30 and a 12-month high of $26.30. The company has a 50-day moving average price of $24.40 and a 200 day moving average price of $23.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Matisse Capital bought a new stake in The Korea Fund in the fourth quarter worth approximately $2,013,000. 1607 Capital Partners LLC lifted its stake in shares of The Korea Fund by 1.2% in 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. Finally, Commonwealth Equity Services LLC bought a new stake in The Korea Fund in the first quarter worth $2,041,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

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.