The New Germany Fund, Inc. (NYSE:GF) Short Interest Update

Posted by Thomas Dobrow on Jan 16th, 2025

The New Germany Fund, Inc. (NYSE:GF – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 16,200 shares, a growth of 37.3% from the December 15th total of 11,800 shares. Based on an average trading volume of 34,600 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On The New Germany Fund

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC bought a new position in The New Germany Fund in the 3rd quarter valued at $198,000. Sanctuary Advisors LLC purchased a new stake in shares of The New Germany Fund in the third quarter worth $126,000. Finally, Logan Stone Capital LLC boosted its stake 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 valued at $785,000 after buying an additional 12,120 shares during the period.

The New Germany Fund Price Performance

Shares of GF opened at $7.96 on Thursday. The New Germany Fund has a 52-week low of $7.74 and a 52-week high of $8.99. The stock’s 50-day simple moving average is $8.09 and its 200 day simple moving average is $8.34.

The New Germany Fund Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a $0.0482 dividend. This is a positive change from The New Germany Fund’s previous semi-annual dividend of $0.02. This represents a dividend yield of 1%. The ex-dividend date is Monday, December 30th.

About The New Germany Fund

(Get Free Report)

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.