The New Germany Fund, Inc. (NYSE:GF – Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 42,700 shares, a growth of 93.2% from the February 28th total of 22,100 shares. Based on an average daily volume of 44,800 shares, the short-interest ratio is currently 1.0 days.
Hedge Funds Weigh In On The New Germany Fund
Several large investors have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in shares of The New Germany Fund in the 4th quarter valued at about $45,000. Verdence Capital Advisors LLC acquired a new stake in shares of The New Germany Fund in the fourth quarter valued at approximately $83,000. Sanctuary Advisors LLC purchased a new position in shares of The New Germany Fund during the third quarter worth approximately $126,000. Tidal Investments LLC acquired a new position in shares of The New Germany Fund in the 3rd quarter valued at $198,000. Finally, Blue Bell Private Wealth Management LLC raised its position in The New Germany Fund by 583.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 46,385 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 39,601 shares during the last quarter.
The New Germany Fund Stock Down 1.6 %
Shares of NYSE:GF traded down $0.16 during trading on Friday, hitting $10.10. 21,446 shares of the company were exchanged, compared to its average volume of 37,772. The firm’s 50 day moving average price is $9.17 and its 200-day moving average price is $8.62. The New Germany Fund has a 12-month low of $7.74 and a 12-month high of $10.65.
About The New Germany Fund
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.
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