The New Germany Fund, Inc. (NYSE:GF) Short Interest Down 57.3% in August

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,083 shares, a decrease of 57.3% from the August 15th total of 9,569 shares. Based on an average daily trading volume, of 23,966 shares, the days-to-cover ratio is presently 0.2 days.

The New Germany Fund Stock Up 0.0%

NYSE GF traded up $0.00 during trading hours on Monday, reaching $11.27. 46,790 shares of the company’s stock were exchanged, compared to its average volume of 31,954. The firm has a fifty day moving average of $11.47 and a 200-day moving average of $11.47. The New Germany Fund has a one year low of $9.98 and a one year high of $12.49.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quantify Chaos Advisors LLC bought a new stake in The New Germany Fund during the 4th quarter worth about $259,000. Altium Capital Management LLC acquired a new position in shares of The New Germany Fund during the first quarter worth approximately $255,000. Blue Bell Private Wealth Management LLC grew its stake in shares of 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 last quarter. Bulldog Investors LLP grew its stake in shares of The New Germany Fund by 6.1% during the first quarter. Bulldog Investors LLP now owns 532,074 shares of the investment management company’s stock valued at $5,438,000 after purchasing an additional 30,817 shares during the last quarter. Finally, Saba Capital Management L.P. increased its holdings in shares of The New Germany Fund by 17.4% in the first quarter. Saba Capital Management L.P. now owns 2,595,140 shares of the investment management company’s stock valued at $26,522,000 after purchasing an additional 384,585 shares in the last quarter.

About The New Germany Fund

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.