Short Interest in The New Germany Fund, Inc. (NYSE:GF) Expands By 21.4%

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 22,100 shares, an increase of 21.4% from the February 13th total of 18,200 shares. Based on an average trading volume of 45,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On The New Germany Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GF. Sanctuary Advisors LLC purchased a new position in shares of The New Germany Fund during the third quarter worth approximately $126,000. Tidal Investments LLC acquired a new stake in The New Germany Fund during the 3rd quarter worth $198,000. Heck Capital Advisors LLC purchased a new position in The New Germany Fund during the 4th quarter worth $45,000. Matisse Capital increased its stake in The New Germany Fund by 7.6% in the fourth quarter. Matisse Capital now owns 91,411 shares of the investment management company’s stock valued at $713,000 after purchasing an additional 6,490 shares during the period. Finally, Verdence Capital Advisors LLC purchased a new stake in shares of The New Germany Fund in the fourth quarter valued at about $83,000.

The New Germany Fund Stock Performance

NYSE GF traded up $0.14 during trading hours on Tuesday, hitting $10.63. The company had a trading volume of 39,757 shares, compared to its average volume of 37,781. The business has a 50 day moving average of $8.72 and a 200-day moving average of $8.50. The New Germany Fund has a 1-year low of $7.74 and a 1-year high of $10.63.

The New Germany Fund Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, January 31st. Investors of record on Monday, December 30th were paid a dividend of $0.0482 per share. This represents a yield of 1%. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from The New Germany Fund’s previous semi-annual dividend of $0.02.

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.