The New Germany Fund, Inc. (NYSE:GF) Short Interest Up 14.1% in April

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,100 shares, a growth of 14.1% from the March 31st total of 7,100 shares. Based on an average daily volume of 35,200 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On The New Germany Fund

Several institutional investors have recently modified their holdings of GF. Allspring Global Investments Holdings LLC grew its holdings in The New Germany Fund by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,601,416 shares of the investment management company’s stock worth $21,254,000 after buying an additional 44,876 shares in the last quarter. Shaker Financial Services LLC increased its holdings in shares of The New Germany Fund by 5.7% during the third quarter. Shaker Financial Services LLC now owns 233,489 shares of the investment management company’s stock valued at $1,908,000 after purchasing an additional 12,627 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of The New Germany Fund by 638.0% during the third quarter. Wolverine Asset Management LLC now owns 29,770 shares of the investment management company’s stock valued at $243,000 after purchasing an additional 25,736 shares during the period. AQR Arbitrage LLC raised its stake in shares of The New Germany Fund by 118.4% during the third quarter. AQR Arbitrage LLC now owns 48,405 shares of the investment management company’s stock valued at $395,000 after purchasing an additional 26,243 shares in the last quarter. Finally, 1607 Capital Partners LLC lifted its holdings in The New Germany Fund by 3.3% in the third quarter. 1607 Capital Partners LLC now owns 1,576,054 shares of the investment management company’s stock worth $12,876,000 after purchasing an additional 50,989 shares during the period.

The New Germany Fund Stock Performance

NYSE GF traded up $0.01 during trading hours on Monday, reaching $8.44. The company’s stock had a trading volume of 17,594 shares, compared to its average volume of 33,532. The business has a 50-day simple moving average of $8.51 and a 200 day simple moving average of $8.37. The New Germany Fund has a 52 week low of $7.38 and a 52 week high of $9.41.

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.