The Korea Fund, Inc. (NYSE:KF) Sees Significant Growth in Short Interest

The Korea Fund, Inc. (NYSE:KF) saw a significant growth in short interest in 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 Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KF. Shaker Financial Services LLC raised its holdings in shares of The Korea Fund by 3.3% in the 2nd quarter. Shaker Financial Services LLC now owns 13,161 shares of the company’s stock worth $318,000 after purchasing an additional 415 shares during the period. 1607 Capital Partners LLC increased its position in The Korea Fund by 1.2% in 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. Wolverine Asset Management LLC bought a new stake in shares of The Korea Fund in the second quarter valued at $437,000. JBF Capital Inc. lifted 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 buying an additional 20,000 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its stake 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 worth $869,000 after acquiring an additional 22,675 shares during the period. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Price Performance

Shares of NYSE KF traded down $0.21 during midday trading on Friday, reaching $23.48. The company’s stock had a trading volume of 16,089 shares, compared to its average volume of 15,217. The firm has a 50 day moving average price of $24.22 and a 200-day moving average price of $24.31. The Korea Fund has a 12-month low of $18.30 and a 12-month 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.