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

The New Germany Fund, Inc. (NYSE:GF) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 16,200 shares, an increase of 37.3% from the December 31st 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.

The New Germany Fund Trading Down 0.1 %

Shares of The New Germany Fund stock opened at $8.42 on Friday. The New Germany Fund has a twelve month low of $7.74 and a twelve month high of $8.99. The business’s 50 day simple moving average is $8.07 and its 200-day simple moving average is $8.33.

The New Germany Fund Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Matisse Capital boosted its stake in 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 valued at $713,000 after purchasing an additional 6,490 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in The New Germany Fund by 68.8% during the fourth quarter. Sanctuary Advisors LLC now owns 23,831 shares of the investment management company’s stock valued at $201,000 after buying an additional 9,717 shares in the last quarter. Tidal Investments LLC acquired a new position in The New Germany Fund during the third quarter worth about $198,000. Finally, Heck Capital Advisors LLC acquired a new position in The New Germany Fund during the fourth quarter worth about $45,000.

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.