Short Interest in The Korea Fund, Inc. (NYSE:KF) Rises By 117.4%

The Korea Fund, Inc. (NYSE:KF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 5,000 shares, an increase of 117.4% from the September 30th total of 2,300 shares. Based on an average trading volume of 18,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On The Korea Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mraz Amerine & Associates Inc. raised its position in The Korea Fund by 36.6% in the third quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company’s stock valued at $1,120,000 after purchasing an additional 13,185 shares during the period. JBF Capital Inc. raised its holdings in The Korea Fund by 16.4% in the 2nd quarter. JBF Capital Inc. now owns 142,000 shares of the company’s stock valued at $3,426,000 after buying an additional 20,000 shares during the period. Shaker Financial Services LLC lifted its position in The Korea Fund by 3.3% in the second quarter. Shaker Financial Services LLC now owns 13,161 shares of the company’s stock valued at $318,000 after buying an additional 415 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in The Korea Fund during the second quarter worth about $437,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of The Korea Fund during the first quarter valued at about $2,041,000. Institutional investors and hedge funds own 69.99% of the company’s stock.

The Korea Fund Stock Performance

NYSE:KF traded down $0.03 on Friday, hitting $21.85. The stock had a trading volume of 3,356 shares, compared to its average volume of 16,903. The company has a fifty day moving average price of $23.50 and a two-hundred day moving average price of $23.94. The Korea Fund has a 1-year low of $18.30 and a 1-year high of $26.30.

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.