The New Germany Fund, Inc. (NYSE:GF) Short Interest Update

The New Germany Fund, Inc. (NYSE:GF) saw a large 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 currently 0.8 days.

The New Germany Fund Trading Up 0.9 %

Shares of The New Germany Fund stock traded up $0.07 during trading hours on Friday, reaching $8.13. 15,987 shares of the company’s stock were exchanged, compared to its average volume of 32,636. The New Germany Fund has a 52-week low of $7.90 and a 52-week high of $8.99. The company has a fifty day moving average of $8.50 and a 200-day moving average of $8.45.

Hedge Funds Weigh In On The New Germany Fund

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of The New Germany Fund in the 3rd quarter worth about $126,000. Tidal Investments LLC purchased a new position in The New Germany Fund in the third quarter valued at approximately $198,000. Matisse Capital lifted its position in The New Germany Fund by 23.3% during the second quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock valued at $612,000 after buying an additional 14,214 shares in the last quarter. Logan Stone Capital LLC grew its stake in The New Germany Fund by 14.4% during the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock worth $785,000 after buying an additional 12,120 shares during the period. Finally, Wolverine Asset Management LLC increased its position in shares of The New Germany Fund by 88.9% in the second quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock worth $892,000 after acquiring an additional 51,606 shares in the last quarter.

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.