The New Germany Fund, Inc. (NYSE:GF) Short Interest Up 6.6% in September

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 14,500 shares, a growth of 6.6% from the August 31st total of 13,600 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Karpus Management Inc. lifted its holdings in shares of The New Germany Fund by 404.3% during the first quarter. Karpus Management Inc. now owns 115,383 shares of the investment management company’s stock valued at $1,005,000 after purchasing an additional 92,501 shares during the last quarter. Matisse Capital purchased a new position in shares of The New Germany Fund in the 1st quarter worth about $531,000. Wolverine Asset Management LLC boosted its stake in The New Germany Fund by 88.9% in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its position in The New Germany Fund by 1.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock valued at $19,211,000 after purchasing an additional 22,390 shares during the last quarter. Finally, Logan Stone Capital LLC grew its position 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 during the last quarter.

The New Germany Fund Trading Down 0.9 %

Shares of NYSE GF opened at $8.85 on Wednesday. The New Germany Fund has a 1 year low of $7.38 and a 1 year high of $8.99. The company’s 50-day moving average is $8.42 and its 200 day moving average is $8.48.

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.