The New Ireland Fund, Inc. (NYSE:IRL) Short Interest Update

The New Ireland Fund, Inc. (NYSE:IRLGet Rating) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 1,800 shares, a growth of 125.0% from the April 15th total of 800 shares. Based on an average daily trading volume, of 5,000 shares, the short-interest ratio is presently 0.4 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of The New Ireland Fund by 18.1% during the 1st quarter. Cetera Investment Advisers now owns 13,047 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 2,000 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of The New Ireland Fund by 162.5% during the 4th quarter. Wells Fargo & Company MN now owns 8,186 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 5,068 shares in the last quarter. Saba Capital Management L.P. grew its position in shares of The New Ireland Fund by 210.4% during the 4th quarter. Saba Capital Management L.P. now owns 345,152 shares of the financial services provider’s stock valued at $3,852,000 after purchasing an additional 233,963 shares in the last quarter. Bulldog Investors LLP grew its position in shares of The New Ireland Fund by 13.2% during the 4th quarter. Bulldog Investors LLP now owns 105,429 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 12,300 shares in the last quarter. Finally, CSS LLC IL grew its position in shares of The New Ireland Fund by 1.6% during the 3rd quarter. CSS LLC IL now owns 129,593 shares of the financial services provider’s stock valued at $1,597,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 29.23% of the company’s stock.

Shares of IRL traded down $0.01 during mid-day trading on Friday, reaching $8.22. 1,241 shares of the stock traded hands, compared to its average volume of 4,328. The firm has a fifty day moving average price of $8.95 and a 200 day moving average price of $10.62. The New Ireland Fund has a 1 year low of $8.12 and a 1 year high of $13.54.

About The New Ireland Fund (Get Rating)

The New Ireland Fund, Inc is a close-ended balanced mutual fund launched by Bank of Ireland Asset Management (U.S.) Limited. It is managed by Kleinwort Benson Investors International Ltd. The fund invests in the public equity and fixed income markets of the Ireland. It seeks to invest in growth stocks of companies operating across diversified sectors.

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