The Korea Fund, Inc. (NYSE:KF) Short Interest Update

The Korea Fund, Inc. (NYSE:KF) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 10,800 shares, a growth of 27.1% from the August 31st total of 8,500 shares. Based on an average daily volume of 16,900 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On The Korea Fund

Several institutional investors have recently bought and sold shares of KF. 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. JBF Capital Inc. raised its holdings in shares of 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 acquiring an additional 20,000 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in The Korea Fund during the first quarter valued at approximately $2,041,000. Mraz Amerine & Associates Inc. increased its stake in The Korea Fund by 169.9% in the second quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company’s stock valued at $869,000 after acquiring an additional 22,675 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in The Korea Fund in the 2nd quarter worth approximately $437,000. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Stock Down 3.1 %

KF stock traded down $0.73 during trading on Monday, reaching $22.75. 21,050 shares of the stock were exchanged, compared to its average volume of 15,248. The Korea Fund has a twelve month low of $18.30 and a twelve month high of $26.30. The firm’s 50 day moving average is $24.17 and its 200 day moving average is $24.29.

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.