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

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

The Korea Fund Trading Down 0.5 %

Shares of KF traded down $0.13 on Monday, reaching $24.47. 4,021 shares of the company’s stock were exchanged, compared to its average volume of 13,004. The business has a 50 day moving average price of $24.40 and a two-hundred day moving average price of $23.89. The Korea Fund has a 12 month low of $18.30 and a 12 month high of $26.30.

Institutional Investors Weigh In On The Korea Fund

A number of institutional investors and hedge funds have recently modified their holdings of KF. Matisse Capital bought a new stake in shares of The Korea Fund during the fourth quarter worth approximately $2,013,000. 1607 Capital Partners LLC raised its stake in shares of The Korea Fund by 1.2% during the fourth quarter. 1607 Capital Partners LLC now owns 451,816 shares of the company’s stock worth $10,572,000 after buying an additional 5,316 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of The Korea Fund during the first quarter worth approximately $2,041,000. 69.99% of the stock is owned by institutional investors.

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.