The Korea Fund, Inc. (NYSE:KF) Short Interest Down 13.5% in January

The Korea Fund, Inc. (NYSE:KF) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 3,461 shares, a decline of 13.5% from the December 31st total of 4,002 shares. Based on an average daily trading volume, of 21,716 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,716 shares, the short-interest ratio is currently 0.2 days.

The Korea Fund Stock Performance

Shares of NYSE:KF traded up $2.06 during trading on Tuesday, reaching $47.56. The stock had a trading volume of 5,959 shares, compared to its average volume of 18,366. The Korea Fund has a 1-year low of $18.15 and a 1-year high of $48.70. The business has a fifty day moving average price of $38.44 and a 200-day moving average price of $33.45.

The Korea Fund Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.9442 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a dividend yield of 123.0%.

Hedge Funds Weigh In On The Korea Fund

A number of institutional investors and hedge funds have recently bought and sold shares of KF. NewEdge Advisors LLC raised 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 valued at $25,000 after acquiring an additional 610 shares during the last quarter. Bank of America Corp DE increased its holdings 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 purchasing an additional 1,350 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in The Korea Fund during the fourth quarter worth approximately $225,000. Shaker Financial Services LLC purchased a new position in The Korea Fund during the third quarter worth approximately $242,000. Finally, Wolverine Asset Management LLC acquired a new position in The Korea Fund during the fourth quarter worth $439,000. 69.99% of the stock is currently owned by institutional investors and hedge funds.

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.