The New Germany Fund, Inc. (NYSE:GF – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,732 shares, a growth of 445.3% from the September 15th total of 501 shares. Based on an average trading volume of 25,893 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On The New Germany Fund
A number of large investors have recently bought and sold shares of GF. Saba Capital Management L.P. increased its position in The New Germany Fund by 17.4% during the first quarter. Saba Capital Management L.P. now owns 2,595,140 shares of the investment management company’s stock worth $26,522,000 after buying an additional 384,585 shares during the last quarter. Bulldog Investors LLP lifted its position in shares of The New Germany Fund by 6.1% in the first quarter. Bulldog Investors LLP now owns 532,074 shares of the investment management company’s stock worth $5,438,000 after buying an additional 30,817 shares during the last quarter. Finally, Altium Capital Management LLC acquired a new stake in shares of The New Germany Fund in the first quarter worth about $255,000.
The New Germany Fund Stock Performance
GF stock traded up $0.04 during trading hours on Friday, hitting $10.30. The company’s stock had a trading volume of 4,949 shares, compared to its average volume of 31,333. The stock has a 50 day moving average price of $11.20 and a two-hundred day moving average price of $11.39. The New Germany Fund has a 12 month low of $9.98 and a 12 month high of $12.49.
About The New Germany Fund
The New Germany Fund, Inc (NYSE:GF) is a closed-end investment company designed to provide investors with exposure to the German equity market. Rather than operating as an industrial or commercial business, the fund invests primarily in publicly traded securities of German companies and seeks long-term capital appreciation through a geographically focused portfolio.
The fund’s investments may span multiple sectors of the German economy, including industrials, financial services, technology, consumer products, health care and communications.
Featured Articles
- Five stocks we like better than The New Germany Fund
- 3 Beaten-Down Biotech Stocks With Triple-Digit Upside and Big Catalysts Ahead
- Schneider Just Paid Up for PTC—Is the SaaSpocalypse Overdone?
- Delta Air Lines Faces a Fuel Crisis—But There’s a Silver Lining
- Is Synopsys Back from the Dead? EDA Leader Inks Deals With Amazon and OpenAI
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.
