Media stories about Korea Equity Fund (NYSE:KEF) have trended somewhat positive recently, according to AlphaOne Sentiment. The research firm, a unit of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Korea Equity Fund earned a media sentiment score of 0.06 on AlphaOne’s scale. AlphaOne also gave news articles about the financial services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Alpha One’s scoring:

Shares of Korea Equity Fund (NYSE:KEF) traded down 1.94% during trading on Tuesday, hitting $8.58. The stock had a trading volume of 65,752 shares. The stock’s 50-day moving average price is $8.52 and its 200 day moving average price is $8.06. The firm has a market capitalization of $83.57 million, a P/E ratio of 51.69 and a beta of 0.80. Korea Equity Fund has a 1-year low of $7.22 and a 1-year high of $8.89.

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In other Korea Equity Fund news, major shareholder Value Offshore Fund Ltd. Full acquired 7,432 shares of the stock in a transaction that occurred on Monday, April 10th. The shares were acquired at an average cost of $8.51 per share, with a total value of $63,246.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Bulldog Investors, Llc acquired 48,900 shares of the stock in a transaction that occurred on Thursday, February 9th. The stock was acquired at an average cost of $8.18 per share, for a total transaction of $400,002.00. The disclosure for this purchase can be found here. Insiders purchased a total of 444,780 shares of company stock worth $3,689,947 over the last ninety days.

Korea Equity Fund Company Profile

Korea Equity Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investments primarily in equity securities of South Korean companies. Under normal circumstances, the Fund will invest approximately 80% of its total assets in such securities.

5 Day Chart for NYSE:KEF

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