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 during the month of October. As of October 15th, there was short interest totalling 5,000 shares, a growth 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 currently 0.3 days.

The Korea Fund Price Performance

Shares of NYSE KF traded down $0.03 during mid-day trading 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 50 day moving average of $23.50 and a two-hundred day moving average of $23.94. The Korea Fund has a twelve month low of $18.30 and a twelve month high of $26.30.

Institutional Trading of The Korea Fund

Large investors have recently made changes to their positions in the business. Shaker Financial Services LLC grew its holdings in The Korea Fund by 3.3% during the second quarter. Shaker Financial Services LLC now owns 13,161 shares of the company’s stock worth $318,000 after acquiring an additional 415 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of The Korea Fund during the 2nd quarter valued at approximately $437,000. Mraz Amerine & Associates Inc. increased its holdings in shares of The Korea Fund by 169.9% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company’s stock valued at $869,000 after purchasing an additional 22,675 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of The Korea Fund in the 1st quarter valued at $2,041,000. Finally, JBF Capital Inc. grew its position in shares of The Korea Fund by 16.4% during 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 during the period. 69.99% of the stock is owned by hedge funds and other 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.