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

The Korea Fund, Inc. (NYSE:KF) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,291 shares, a decrease of 70.3% from the July 30th total of 4,344 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,668 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of The Korea Fund

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in The Korea Fund by 91.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,275 shares of the company’s stock worth $25,000 after buying an additional 610 shares during the period. Bank of America Corp DE increased its stake in shares of The Korea Fund by 37.5% during the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock valued at $91,000 after buying an additional 1,350 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of The Korea Fund by 1.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 98,822 shares of the company’s stock valued at $4,437,000 after acquiring an additional 1,433 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in The Korea Fund by 9.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 27,870 shares of the company’s stock worth $1,012,000 after acquiring an additional 2,385 shares during the period. Finally, Hudson Portfolio Management LLC purchased a new stake in The Korea Fund in the second quarter worth $209,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.

The Korea Fund Stock Up 1.4%

NYSE:KF traded up $0.87 during midday trading on Thursday, hitting $64.60. The company had a trading volume of 39,356 shares, compared to its average volume of 24,904. The stock’s fifty day moving average price is $64.84 and its 200-day moving average price is $59.87. The Korea Fund has a 52-week low of $26.79 and a 52-week high of $81.94.

About The Korea Fund

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.