Short Interest in The New Germany Fund, Inc. (NYSE:GF) Grows By 37.3%

Posted by Defense World Staff on Jan 18th, 2025

The New Germany Fund, Inc. (NYSE:GF – Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 16,200 shares, a growth of 37.3% from the December 15th total of 11,800 shares. Based on an average trading volume of 34,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of The New Germany Fund

A number of large investors have recently made changes to their positions in GF. Tidal Investments LLC purchased a new stake in The New Germany Fund in the third quarter valued at approximately $198,000. Sanctuary Advisors LLC acquired a new position in shares of The New Germany Fund in the 3rd quarter valued at $126,000. Finally, Logan Stone Capital LLC increased its holdings in shares of The New Germany Fund by 14.4% in the 2nd quarter. Logan Stone Capital LLC now owns 96,506 shares of the investment management company’s stock valued at $785,000 after acquiring an additional 12,120 shares during the period.

The New Germany Fund Price Performance

Shares of GF opened at $7.88 on Friday. The New Germany Fund has a 1-year low of $7.74 and a 1-year high of $8.99. The firm has a fifty day moving average price of $8.07 and a 200 day moving average price of $8.34.

The New Germany Fund Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a dividend of $0.0482 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a dividend yield of 1%. This is a boost from The New Germany Fund’s previous semi-annual dividend of $0.02.

About The New Germany Fund

(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.