The New Germany Fund, Inc. (NYSE:GF) Short Interest Up 196.8% in November

The New Germany Fund, Inc. (NYSE:GF) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 18,400 shares, an increase of 196.8% from the October 31st total of 6,200 shares. Based on an average trading volume of 23,600 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On The New Germany Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new position in shares of The New Germany Fund in the third quarter valued at $126,000. Tidal Investments LLC purchased a new position in shares of The New Germany Fund in the third quarter valued at $198,000. Matisse Capital increased its position in shares of The New Germany Fund by 23.3% in the second quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock valued at $612,000 after buying an additional 14,214 shares in the last quarter. Logan Stone Capital LLC increased its position in shares of The New Germany Fund by 14.4% in the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock valued at $785,000 after buying an additional 12,120 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of The New Germany Fund by 88.9% in the second quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock valued at $892,000 after buying an additional 51,606 shares in the last quarter.

The New Germany Fund Price Performance

The New Germany Fund stock traded up $0.03 during midday trading on Wednesday, reaching $8.06. The company’s stock had a trading volume of 20,587 shares, compared to its average volume of 32,709. The New Germany Fund has a fifty-two week low of $7.90 and a fifty-two week high of $8.99. The stock’s 50 day simple moving average is $8.53 and its 200 day simple moving average is $8.46.

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.