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

The New Germany Fund, Inc. (NYSE:GF) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 22,000 shares, a growth of 19.6% from the November 15th total of 18,400 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On The New Germany Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in shares of The New Germany Fund during the third quarter worth about $198,000. Sanctuary Advisors LLC acquired a new stake in The New Germany Fund in the 3rd quarter worth approximately $126,000. 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 worth $785,000 after purchasing an additional 12,120 shares during the last quarter. Wolverine Asset Management LLC increased its stake in The New Germany Fund by 88.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock valued at $892,000 after purchasing an additional 51,606 shares in the last quarter. Finally, Matisse Capital increased its stake in 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 valued at $612,000 after purchasing an additional 14,214 shares in the last quarter.

The New Germany Fund Trading Up 0.5 %

Shares of NYSE GF traded up $0.04 during trading hours on Friday, hitting $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 firm has a fifty day moving average price of $8.41 and a 200-day moving average price of $8.42.

About The New Germany Fund

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.