Short Interest in The Korea Fund, Inc. (NYSE:KF) Grows By 57.4%

The Korea Fund, Inc. (NYSE:KF) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 4,002 shares, a growth of 57.4% from the December 15th total of 2,543 shares. Based on an average trading volume of 15,657 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 15,657 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On The Korea Fund

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of The Korea Fund by 91.7% during the first quarter. NewEdge Advisors LLC now owns 1,275 shares of the company’s stock worth $25,000 after purchasing an additional 610 shares during the period. Bank of America Corp DE grew its position in shares of The Korea Fund by 37.5% in the 4th quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock worth $91,000 after buying an additional 1,350 shares during the last quarter. Shaker Financial Services LLC bought a new stake in shares of The Korea Fund in the 3rd quarter worth approximately $242,000. Strs Ohio purchased a new position in shares of The Korea Fund during the first quarter valued at approximately $395,000. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of The Korea Fund by 155.1% during the third quarter. Cornerstone Wealth Management LLC now owns 25,485 shares of the company’s stock valued at $779,000 after acquiring an additional 15,495 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Stock Performance

Shares of NYSE KF traded up $0.20 during trading hours on Friday, reaching $41.56. 5,808 shares of the stock traded hands, compared to its average volume of 20,219. The company’s 50-day simple moving average is $36.19 and its two-hundred day simple moving average is $31.96. The Korea Fund has a 52-week low of $18.15 and a 52-week high of $41.96.

The Korea Fund Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 23rd were given a $0.9442 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a yield of 123.0%.

The Korea Fund Company Profile

The Korea Fund, Inc (NYSE: KF) is a closed-end management investment company that provides U.S. investors with focused exposure to the South Korean equity market. Established in 1953, it is one of the oldest U.S. funds dedicated to investing in Korean securities. The Fund is domiciled in Delaware and trades on the New York Stock Exchange, offering investors access to a broad range of companies operating in one of Asia’s leading economies.

The Fund’s primary business activity is the acquisition of common stocks and American depositary receipts issued by companies that are either domiciled in South Korea or derive a significant portion of their revenues from Korean operations.