Short Interest in The Korea Fund, Inc. (NYSE:KF) Declines By 99.8%

The Korea Fund, Inc. (NYSE:KF - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 16 shares, a decline of 99.8% from the February 26th total of 10,374 shares. Based on an average trading volume of 41,429 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 41,429 shares, the short-interest ratio is currently 0.0 days.Get The Korea Fund alerts:The Korea Fund Stock Down 3.3%MarketBeat Week in Review – 6/26 - 6/30NYSE KF traded down $1.61 during mid-day trading on Tuesday, hitting $47.39. The stock had a trading volume of 14,369 shares, compared to its average volume of 34,125. The firm's 50 day moving average is $47.88 and its 200 day moving average is $39.01. The Korea Fund has a twelve month low of $18.15 and a twelve month high of $58.59. Institutional Investors Weigh In On The Korea FundA number of large investors have recently modified their holdings of the business. City of London Investment Management Co. Ltd. lifted its stake in shares of The Korea Fund by 10.1% in the third 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 in the last quarter. Saba Capital Management L.P. grew its stake in The Korea Fund by 117.9% during the 4th quarter. Saba Capital Management L.P. now owns 69,617 shares of the company's stock valued at $2,528,000 after acquiring an additional 37,668 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in The Korea Fund by 9.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 27,870 shares of the company's stock valued at $1,012,000 after acquiring an additional 2,385 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in The Korea Fund in the 4th quarter valued at about $439,000. Finally, Shaker Financial Services LLC acquired a new stake in The Korea Fund in the 3rd quarter valued at about $242,000. Hedge funds and other institutional investors own 69.99% of the company's stock. About The Korea Fund (Get Free Report)Korn Ferry: An Undervalued Play on the State of the Workforce 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.Further ReadingFive stocks we like better than The Korea FundMarketBeat Week in Review – 3/6 - 3/10This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in The Korea Fund Right Now?Before you consider The Korea Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Korea Fund wasn't on the list.While The Korea Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here