The Korea Fund, Inc. (NYSE:KF) Short Interest Update

The Korea Fund, Inc. (NYSE:KF) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,200 shares, a drop of 40.2% from the February 13th total of 8,700 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 14,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On The Korea Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KF. Public Employees Retirement System of Ohio acquired a new stake in The Korea Fund in the 3rd quarter valued at $6,220,000. Lazard Asset Management LLC increased its stake in The Korea Fund by 8.5% in the 4th quarter. Lazard Asset Management LLC now owns 640,223 shares of the company’s stock valued at $11,807,000 after buying an additional 50,165 shares during the last quarter. Wolverine Asset Management LLC increased its stake in The Korea Fund by 128.7% in the 4th quarter. Wolverine Asset Management LLC now owns 73,165 shares of the company’s stock valued at $1,349,000 after buying an additional 41,171 shares during the last quarter. Logan Stone Capital LLC bought a new position in shares of The Korea Fund in the 4th quarter valued at about $417,000. Finally, Matisse Capital bought a new position in shares of The Korea Fund in the 4th quarter valued at about $291,000. 69.99% of the stock is currently owned by institutional investors and hedge funds.

The Korea Fund Trading Up 0.3 %

Shares of NYSE:KF traded up $0.07 during midday trading on Friday, reaching $20.44. 6,943 shares of the company were exchanged, compared to its average volume of 11,387. The Korea Fund has a fifty-two week low of $18.35 and a fifty-two week high of $26.30. The stock has a fifty day simple moving average of $20.23 and a two-hundred day simple moving average of $21.04.

The Korea Fund Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 27th were issued a dividend of $0.4542 per share. The ex-dividend date was Friday, December 27th.

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.