The Korea Fund, Inc. (NYSE:KF – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,800 shares, a decline of 18.2% from the August 15th total of 2,200 shares. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On The Korea Fund
Hedge funds have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. lifted its position in shares of The Korea Fund by 7.6% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 1,729,497 shares of the company’s stock worth $36,025,000 after buying an additional 122,298 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in The Korea Fund by 13.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 453,678 shares of the company’s stock worth $10,498,000 after acquiring an additional 54,032 shares during the last quarter. Morgan Stanley increased its holdings in The Korea Fund by 3,005.6% in the 4th quarter. Morgan Stanley now owns 32,174 shares of the company’s stock worth $670,000 after purchasing an additional 31,138 shares in the last quarter. Bank of America Corp DE raised its position in The Korea Fund by 10.4% in the first quarter. Bank of America Corp DE now owns 27,142 shares of the company’s stock valued at $817,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Shaker Financial Services LLC grew its holdings in shares of The Korea Fund by 18.1% during the first quarter. Shaker Financial Services LLC now owns 13,069 shares of the company’s stock worth $287,000 after purchasing an additional 2,000 shares during the last quarter. 54.75% of the stock is owned by institutional investors.
The Korea Fund Price Performance
Shares of NYSE:KF opened at $22.26 on Friday. The business’s 50 day simple moving average is $22.66 and its 200 day simple moving average is $22.39. The Korea Fund has a 1 year low of $19.19 and a 1 year high of $25.16.
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.
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