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

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

The Korea Fund Price Performance

NYSE:KF opened at $41.56 on Friday. The Korea Fund has a 1-year low of $18.15 and a 1-year high of $41.96. The business’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $32.09.

The Korea Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. raised its stake in The Korea Fund by 10.1% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,456,201 shares of the company’s stock worth $44,538,000 after buying an additional 134,103 shares during the period. Matisse Capital raised its position in shares of The Korea Fund by 278.9% during the second quarter. Matisse Capital now owns 82,265 shares of the company’s stock worth $2,215,000 after purchasing an additional 60,555 shares during the period. Mraz Amerine & Associates Inc. lifted its holdings in shares of The Korea Fund by 4.6% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 68,188 shares of the company’s stock valued at $1,836,000 after purchasing an additional 2,980 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of The Korea Fund by 155.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 25,485 shares of the company’s stock valued at $779,000 after purchasing an additional 15,495 shares during the period. Finally, Strs Ohio acquired a new position in shares of The Korea Fund in the 1st quarter valued at approximately $395,000. Institutional investors and hedge funds own 69.99% of the company’s stock.

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.