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

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 16,200 shares, an increase of 37.3% from the December 15th total of 11,800 shares. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is currently 0.5 days.

The New Germany Fund Price Performance

Shares of GF opened at $7.88 on Friday. The New Germany Fund has a 1 year low of $7.74 and a 1 year high of $8.99. The company’s fifty day moving average is $8.07 and its two-hundred day moving average is $8.34.

The New Germany Fund Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be issued a dividend of $0.0482 per share. This is a boost from The New Germany Fund’s previous semi-annual dividend of $0.02. This represents a yield of 1%. The ex-dividend date is Monday, December 30th.

Institutional Investors Weigh In On The New Germany Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Logan Stone Capital LLC lifted its holdings in shares of The New Germany Fund by 14.4% in the 2nd 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 during the period. Sanctuary Advisors LLC purchased a new position in The New Germany Fund in the third quarter worth $126,000. Finally, Tidal Investments LLC purchased a new position in The New Germany Fund in the third quarter worth $198,000.

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.