Media coverage about Korea Equity Fund (NYSE:KEF) has been trending somewhat negative this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Korea Equity Fund earned a coverage optimism score of -0.03 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.4570961378331 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Korea Equity Fund (KEF) remained flat at $7.04 during mid-day trading on Friday. The company’s stock had a trading volume of 118,969 shares. The company has a 50-day moving average price of $9.52 and a 200-day moving average price of $8.61. Korea Equity Fund has a 52-week low of $7.01 and a 52-week high of $9.62.
In related news, major shareholder Investors General Part Bulldog bought 45,200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of $9.54 per share, with a total value of $431,208.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Bulldog Investors, Llc bought 3,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average cost of $9.51 per share, for a total transaction of $35,187.00. The disclosure for this purchase can be found here. Insiders have bought a total of 449,400 shares of company stock worth $4,284,165 over the last three months.
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About Korea Equity Fund
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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