The New Germany Fund, Inc. (NYSE:GF) Sees Significant Drop in Short Interest

The New Germany Fund, Inc. (NYSE:GF – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 8,164 shares, a decrease of 36.5% from the April 15th total of 12,861 shares. Based on an average daily trading volume, of 43,510 shares, the short-interest ratio is currently 0.2 days.

The New Germany Fund Price Performance

Shares of GF traded down $0.25 on Tuesday, hitting $11.60. 25,942 shares of the stock traded hands, compared to its average volume of 31,184. The New Germany Fund has a one year low of $9.98 and a one year high of $12.82. The business has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $11.39.

Get The New Germany Fund alerts:

The New Germany Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 29th. Stockholders of record on Tuesday, May 26th will be paid a $0.154 dividend. This is an increase from The New Germany Fund’s previous dividend of $0.13. This represents a dividend yield of 257.0%. The ex-dividend date is Tuesday, May 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantify Chaos Advisors LLC purchased a new position in The New Germany Fund in the 4th quarter worth about $259,000. Altium Capital Management LLC bought a new stake in shares of The New Germany Fund in the first quarter worth approximately $255,000. Evolve Private Wealth LLC purchased a new position in shares of The New Germany Fund during the fourth quarter valued at approximately $303,000. Royal Bank of Canada raised its holdings in shares of 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 valued at $918,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position 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 valued at $1,147,000 after purchasing an additional 16,779 shares during the period.

The New Germany Fund Company Profile

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than The New Germany Fund
• Brady Corp Wires Up a Massive AI-Powered Breakout
• Why Home Depot’s Sell-Off Could Become a Huge Opportunity
• The Pentagon’s AI Pivot Supercharges Defense Stocks
• AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth

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.