The New Germany Fund, Inc. (NYSE:GF) Short Interest Up 6.6% in September

The New Germany Fund, Inc. (NYSE:GF) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 14,500 shares, a growth of 6.6% from the August 31st total of 13,600 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its position in shares of The New Germany Fund by 1.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,361,549 shares of the investment management company’s stock valued at $19,211,000 after acquiring an additional 22,390 shares during the last quarter. Logan Stone Capital LLC raised its stake in The New Germany Fund by 14.4% during the second quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock worth $785,000 after purchasing an additional 12,120 shares during the period. Wolverine Asset Management LLC boosted its holdings in The New Germany Fund by 88.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 109,644 shares of the investment management company’s stock valued at $892,000 after purchasing an additional 51,606 shares during the last quarter. Karpus Management Inc. purchased a new stake in shares of The New Germany Fund in the 4th quarter valued at approximately $200,000. Finally, Matisse Capital increased its holdings in shares of The New Germany Fund by 23.3% during the 2nd quarter. Matisse Capital now owns 75,215 shares of the investment management company’s stock worth $612,000 after buying an additional 14,214 shares during the last quarter.

The New Germany Fund Stock Performance

Shares of NYSE:GF traded down $0.03 during midday trading on Monday, hitting $8.93. The company’s stock had a trading volume of 10,157 shares, compared to its average volume of 33,624. The New Germany Fund has a 12-month low of $7.38 and a 12-month high of $8.99. The business’s 50 day simple moving average is $8.40 and its 200 day simple moving average is $8.47.

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.