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

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 42,700 shares, a growth of 93.2% from the February 28th total of 22,100 shares. Based on an average daily volume of 44,800 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On The New Germany Fund

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

The New Germany Fund Stock Down 1.6 %

NYSE:GF traded down $0.16 during trading hours on Friday, reaching $10.10. 21,446 shares of the stock were exchanged, compared to its average volume of 37,772. The New Germany Fund has a twelve month low of $7.74 and a twelve month high of $10.65. The business has a 50-day moving average of $9.17 and a two-hundred day moving average of $8.62.

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.