The New Germany Fund, Inc. (NYSE:GF) Short Interest Update

The New Germany Fund, Inc. (NYSE:GFGet Free Report) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 6,900 shares, an increase of 263.2% from the January 15th total of 1,900 shares. Based on an average daily volume of 28,900 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GF. Royal Bank of Canada raised its position in The New Germany Fund by 1.5% in the 3rd quarter. Royal Bank of Canada now owns 103,161 shares of the investment management company’s stock worth $718,000 after purchasing an additional 1,499 shares during the period. Gabelli Funds LLC lifted its holdings in shares of The New Germany Fund by 0.7% during the first quarter. Gabelli Funds LLC now owns 274,000 shares of the investment management company’s stock valued at $2,491,000 after purchasing an additional 2,000 shares during the last quarter. UBS Group AG increased its holdings in shares of The New Germany Fund by 117.2% during the first quarter. UBS Group AG now owns 3,722 shares of the investment management company’s stock valued at $43,000 after acquiring an additional 2,008 shares in the last quarter. LPL Financial LLC raised its holdings in The New Germany Fund by 22.1% in the 2nd quarter. LPL Financial LLC now owns 13,001 shares of the investment management company’s stock worth $117,000 after acquiring an additional 2,355 shares during the last quarter. Finally, CSS LLC IL increased its holdings in The New Germany Fund by 11.4% in the 2nd quarter. CSS LLC IL now owns 56,014 shares of the investment management company’s stock worth $503,000 after buying an additional 5,744 shares in the last quarter.

The New Germany Fund Stock Up 0.4 %

Shares of GF opened at $8.41 on Tuesday. The New Germany Fund has a 12 month low of $7.38 and a 12 month high of $9.52. The firm’s fifty day simple moving average is $8.49 and its two-hundred day simple moving average is $8.39.

The New Germany Fund Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, December 29th were issued a dividend of $0.0566 per share. This represents a yield of 0.81%. The ex-dividend date was Thursday, December 28th.

The New Germany Fund Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for The New Germany Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The New Germany Fund and related companies with MarketBeat.com's FREE daily email newsletter.