The Korea Fund, Inc. (NYSE:KF) Short Interest Up 85.1% in February

The Korea Fund, Inc. (NYSE:KF) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 8,700 shares, an increase of 85.1% from the January 31st total of 4,700 shares. Based on an average trading volume of 18,200 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On The Korea Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in KF. Bank of America Corp DE increased its position in shares of The Korea Fund by 37.5% in the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock valued at $91,000 after acquiring an additional 1,350 shares during the last quarter. Matisse Capital bought a new stake in shares of The Korea Fund during the 4th quarter worth approximately $291,000. CSS LLC IL boosted its holdings in shares of The Korea Fund by 33.8% in the 4th quarter. CSS LLC IL now owns 18,512 shares of the company’s stock valued at $341,000 after buying an additional 4,677 shares during the last quarter. Logan Stone Capital LLC bought a new position in shares of The Korea Fund in the fourth quarter valued at $417,000. Finally, Wolverine Asset Management LLC increased its holdings in The Korea Fund by 76.5% during the third quarter. Wolverine Asset Management LLC now owns 31,994 shares of the company’s stock worth $728,000 after buying an additional 13,869 shares during the last quarter. 69.99% of the stock is owned by institutional investors.

The Korea Fund Stock Down 1.8 %

Shares of KF opened at $20.39 on Friday. The Korea Fund has a twelve month low of $18.35 and a twelve month high of $26.30. The company has a 50 day moving average of $19.95 and a 200-day moving average of $21.40.

The Korea Fund Dividend Announcement

The firm also recently declared a — dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 27th were paid a $0.4542 dividend. The ex-dividend date was Friday, December 27th.

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.