Short Interest in The New Germany Fund, Inc. (NYSE:GF) Increases By 19.6%

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 22,000 shares, a growth of 19.6% from the November 15th total of 18,400 shares. Based on an average daily volume of 29,100 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On The New Germany Fund

Several institutional investors have recently modified their holdings of GF. Sanctuary Advisors LLC bought a new position in The New Germany Fund in the third quarter valued at approximately $126,000. Tidal Investments LLC bought a new position in The New Germany Fund in the third quarter valued at approximately $198,000. Matisse Capital lifted its position in shares of 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 worth $612,000 after purchasing an additional 14,214 shares in the last quarter. Logan Stone Capital LLC increased its holdings 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 last quarter. Finally, Wolverine Asset Management LLC increased its holdings in The New Germany Fund by 88.9% during the second quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock worth $892,000 after buying an additional 51,606 shares during the last quarter.

The New Germany Fund Price Performance

Shares of GF stock opened at $8.41 on Monday. The New Germany Fund has a 12-month low of $7.90 and a 12-month high of $8.99. The firm has a 50-day moving average price of $8.41 and a 200 day moving average price of $8.42.

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.