Short Interest in The New Germany Fund, Inc. (NYSE:GF) Rises By 37.3%

The New Germany Fund, Inc. (NYSE:GF) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 16,200 shares, an increase of 37.3% from the December 15th total of 11,800 shares. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of The New Germany Fund

Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in shares of The New Germany Fund in the 3rd quarter valued at about $126,000. Tidal Investments LLC bought a new stake in The New Germany Fund during the 3rd quarter valued at $198,000. Finally, Logan Stone Capital LLC grew its holdings in 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 acquiring an additional 12,120 shares during the last quarter.

The New Germany Fund Stock Up 1.9 %

Shares of GF opened at $7.96 on Thursday. The New Germany Fund has a 1 year low of $7.74 and a 1 year high of $8.99. The stock has a 50 day simple moving average of $8.09 and a two-hundred day simple moving average of $8.34.

The New Germany Fund Increases Dividend

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

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.