The New Germany Fund, Inc. (NYSE:GF) Sees Large Increase in Short Interest

The New Germany Fund, Inc. (NYSE:GF) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,100 shares, a growth of 14.1% from the March 31st total of 7,100 shares. Based on an average trading volume of 35,200 shares, the short-interest ratio is presently 0.2 days.

The New Germany Fund Trading Up 0.1 %

GF traded up $0.01 during trading on Monday, hitting $8.44. The company’s stock had a trading volume of 17,594 shares, compared to its average volume of 33,532. The firm’s 50 day moving average price is $8.51 and its two-hundred day moving average price is $8.37. The New Germany Fund has a 12 month low of $7.38 and a 12 month high of $9.41.

Institutional Trading of The New Germany Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in GF. Allspring Global Investments Holdings LLC increased its holdings in shares of The New Germany Fund by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,601,416 shares of the investment management company’s stock valued at $21,254,000 after purchasing an additional 44,876 shares in the last quarter. 1607 Capital Partners LLC boosted its position in The New Germany Fund by 3.4% in the 4th quarter. 1607 Capital Partners LLC now owns 1,630,423 shares of the investment management company’s stock valued at $14,250,000 after buying an additional 54,369 shares during the last quarter. City of London Investment Management Co. Ltd. increased its stake in shares of The New Germany Fund by 3.1% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 1,224,799 shares of the investment management company’s stock valued at $10,705,000 after buying an additional 37,139 shares during the period. Uncommon Cents Investing LLC raised its position in shares of The New Germany Fund by 0.5% during the first quarter. Uncommon Cents Investing LLC now owns 308,220 shares of the investment management company’s stock worth $2,685,000 after acquiring an additional 1,420 shares during the last quarter. Finally, Shaker Financial Services LLC raised its position in shares of The New Germany Fund by 31.1% during the fourth quarter. Shaker Financial Services LLC now owns 305,996 shares of the investment management company’s stock worth $2,692,000 after acquiring an additional 72,507 shares during the last quarter.

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.