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

The New Germany Fund, Inc. (NYSE:GF) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,451 shares, a decrease of 46.5% from the June 30th total of 15,808 shares. Based on an average daily trading volume, of 22,689 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On The New Germany Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GF. Altium Capital Management LLC acquired a new stake in shares of The New Germany Fund during the 1st quarter worth about $255,000. Quantify Chaos Advisors LLC acquired a new position in The New Germany Fund in the fourth quarter valued at about $259,000. Evolve Private Wealth LLC purchased a new position in The New Germany Fund during the fourth quarter worth about $303,000. Royal Bank of Canada boosted its stake in The New Germany Fund by 1.1% during the first quarter. Royal Bank of Canada now owns 93,573 shares of the investment management company’s stock worth $918,000 after buying an additional 1,018 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its stake in The New Germany Fund by 20.1% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 100,443 shares of the investment management company’s stock worth $1,147,000 after buying an additional 16,779 shares during the period.

The New Germany Fund Stock Down 1.4%

Shares of NYSE GF traded down $0.15 during midday trading on Wednesday, reaching $11.15. 17,910 shares of the stock were exchanged, compared to its average volume of 33,882. The company has a 50 day simple moving average of $11.64 and a 200 day simple moving average of $11.59. The New Germany Fund has a twelve month low of $9.98 and a twelve month high of $12.82.

The New Germany Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 29th. Investors of record on Tuesday, May 26th were given a $0.154 dividend. The ex-dividend date was Tuesday, May 26th. This is a positive change from The New Germany Fund’s previous dividend of $0.13. This represents a yield of 261.0%.

The New Germany Fund Company Profile

The New Germany Fund, Inc (NYSE: GF) is a closed-end management investment company that offers U.S. investors targeted exposure to German equities. The fund seeks long-term total return through a combination of capital appreciation and income by investing primarily in a diversified portfolio of securities tied to the German economy.

The fund’s holdings typically include common stocks of German companies alongside American and European depositary receipts for issuers headquartered in or deriving a substantial portion of their revenues from Germany.