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

The New Germany Fund, Inc. (NYSE:GF) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 22,000 shares, an increase 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 presently 0.8 days.

The New Germany Fund Price Performance

Shares of GF stock traded up $0.04 during trading hours on Friday, reaching $8.41. 98,052 shares of the stock were exchanged, compared to its average volume of 33,690. The New Germany Fund has a 12-month low of $7.90 and a 12-month high of $8.99. The company’s 50-day moving average price is $8.41 and its 200-day moving average price is $8.42.

Institutional Trading of The New Germany Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of GF. Allspring Global Investments Holdings LLC raised its stake in shares of The New Germany Fund by 1.0% during the second 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 acquiring an additional 22,390 shares in the last quarter. Logan Stone Capital LLC lifted its holdings in shares of The New Germany Fund by 14.4% in the 2nd 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. Wolverine Asset Management LLC lifted its holdings in shares of 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 buying an additional 51,606 shares during the period. Matisse Capital grew its position in shares of The New Germany Fund by 23.3% during the 2nd quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock worth $612,000 after buying an additional 14,214 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of The New Germany Fund during the third quarter valued at $126,000.

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.