Korea Equity Fund (KEF) Given News Impact Score of -0.04
News headlines about Korea Equity Fund (NYSE:KEF) have trended somewhat negative on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Korea Equity Fund earned a media sentiment score of -0.04 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 44.2534946008376 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Korea Equity Fund (NYSE KEF) remained flat at $7.04 during mid-day trading on Friday. 118,969 shares of the stock traded hands. Korea Equity Fund has a 12-month low of $7.01 and a 12-month high of $9.62. The company has a 50 day moving average price of $9.52 and a 200-day moving average price of $8.61.
In related news, major shareholder Investors General Part Bulldog acquired 45,200 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was acquired at an average price of $9.54 per share, with a total value of $431,208.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bulldog Investors, Llc acquired 100,500 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were bought at an average cost of $9.54 per share, with a total value of $958,770.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 449,400 shares of company stock valued at $4,284,165.
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.
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