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

The New Germany Fund, Inc. (NYSE:GF) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 22,100 shares, a growth of 21.4% from the February 13th total of 18,200 shares. Based on an average daily trading volume, of 45,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On The New Germany Fund

Several large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of The New Germany Fund during the third quarter worth approximately $126,000. Heck Capital Advisors LLC purchased a new stake in shares of The New Germany Fund in the 4th quarter valued at approximately $45,000. Tidal Investments LLC acquired a new stake in shares of The New Germany Fund in the 3rd quarter valued at $198,000. Matisse Capital lifted its position in shares of The New Germany Fund by 7.6% during the 4th quarter. Matisse Capital now owns 91,411 shares of the investment management company’s stock worth $713,000 after purchasing an additional 6,490 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of The New Germany Fund by 583.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 46,385 shares of the investment management company’s stock worth $362,000 after purchasing an additional 39,601 shares in the last quarter.

The New Germany Fund Price Performance

GF traded up $0.14 during mid-day trading on Tuesday, hitting $10.63. 39,757 shares of the stock were exchanged, compared to its average volume of 37,781. The firm’s fifty day moving average is $8.72 and its two-hundred day moving average is $8.50. The New Germany Fund has a 1-year low of $7.74 and a 1-year high of $10.63.

The New Germany Fund Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were paid a $0.0482 dividend. This is an increase from The New Germany Fund’s previous semi-annual dividend of $0.02. The ex-dividend date of this dividend was Monday, December 30th. This represents a dividend yield of 1%.

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.