Short Interest in The New Germany Fund, Inc. (NYSE:GF) Increases By 196.8%

The New Germany Fund, Inc. (NYSE:GF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 18,400 shares, an increase of 196.8% from the October 31st total of 6,200 shares. Based on an average daily volume of 23,600 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On The New Germany Fund

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of The New Germany Fund during the third quarter valued at about $126,000. Tidal Investments LLC acquired a new position in shares of The New Germany Fund in the third quarter worth about $198,000. Matisse Capital boosted its holdings in The New Germany Fund by 23.3% in the second quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock valued at $612,000 after purchasing an additional 14,214 shares during the last quarter. Logan Stone Capital LLC grew its stake in The New Germany Fund by 14.4% during the 2nd quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 12,120 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in The New Germany Fund by 88.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock worth $892,000 after purchasing an additional 51,606 shares during the last quarter.

The New Germany Fund Price Performance

Shares of GF stock traded up $0.07 on Friday, hitting $8.13. The stock had a trading volume of 15,987 shares, compared to its average volume of 32,636. The stock’s 50 day moving average is $8.50 and its 200-day moving average is $8.45. The New Germany Fund has a 52-week low of $7.90 and a 52-week high of $8.99.

The New Germany Fund Company Profile

The New Germany Fund Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors.