The Korea Fund, Inc. (NYSE:KF – Get Rating) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,200 shares, a growth of 23.5% from the February 28th total of 3,400 shares. Based on an average daily volume of 12,600 shares, the days-to-cover ratio is currently 0.3 days.

The Korea Fund Trading Up 1.4 %

Shares of The Korea Fund stock traded up $0.31 during trading hours on Friday, reaching $21.97. 3,104 shares of the company's stock were exchanged, compared to its average volume of 8,041. The company has a 50 day moving average of $22.64 and a two-hundred day moving average of $22.34. The Korea Fund has a fifty-two week low of $19.19 and a fifty-two week high of $31.11.

Institutional Trading of The Korea Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Matisse Capital bought a new position in shares of The Korea Fund in the fourth quarter valued at $202,000. Wolverine Asset Management LLC grew its position in shares of The Korea Fund by 251.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 15,378 shares of the company's stock valued at $295,000 after acquiring an additional 11,004 shares during the period. Morgan Stanley increased its stake in shares of The Korea Fund by 3,005.6% during the 4th quarter. Morgan Stanley now owns 32,174 shares of the company's stock worth $670,000 after purchasing an additional 31,138 shares during the last quarter. Bulldog Investors LLP bought a new stake in shares of The Korea Fund in the 2nd quarter valued at about $772,000. Finally, Bank of America Corp DE lifted its stake in The Korea Fund by 10.4% in the 1st quarter. Bank of America Corp DE now owns 27,142 shares of the company's stock valued at $817,000 after purchasing an additional 2,563 shares during the last quarter. Institutional investors own 52.81% of the company's stock.

The Korea Fund Company Profile

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The Korea Fund is designed to provide capital appreciation through investments in securities. Their firm screens stocks based on a broad range of variables, including price-to-earnings ratios, dividend yields and earnings-per-share growth.

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