The New Germany Fund, Inc. (NYSE:GF) Short Interest Update

The New Germany Fund, Inc. (NYSE:GFGet Rating) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,500 shares, a growth of 775.0% from the April 30th total of 400 shares. Based on an average daily volume of 14,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in The New Germany Fund by 4.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,474,160 shares of the investment management company’s stock valued at $22,490,000 after acquiring an additional 95,767 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its stake in shares of The New Germany Fund by 1.0% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 1,440,500 shares of the investment management company’s stock worth $11,373,000 after purchasing an additional 14,197 shares during the period. 1607 Capital Partners LLC lifted its stake in shares of The New Germany Fund by 2.1% during the 3rd quarter. 1607 Capital Partners LLC now owns 1,400,447 shares of the investment management company’s stock worth $9,747,000 after purchasing an additional 29,420 shares during the period. Uncommon Cents Investing LLC lifted its stake in shares of The New Germany Fund by 1.0% during the 4th quarter. Uncommon Cents Investing LLC now owns 316,957 shares of the investment management company’s stock worth $2,501,000 after purchasing an additional 3,015 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of The New Germany Fund by 0.7% during the 1st quarter. Gabelli Funds LLC now owns 274,000 shares of the investment management company’s stock worth $2,491,000 after purchasing an additional 2,000 shares during the period.

The New Germany Fund Stock Performance

Shares of The New Germany Fund stock opened at $8.67 on Friday. The New Germany Fund has a 1 year low of $6.81 and a 1 year high of $10.32. The business has a 50 day moving average price of $8.92 and a 200 day moving average price of $8.77.

The New Germany Fund Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be given a dividend of $0.0136 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a dividend yield of 0.6%.

The New Germany Fund Company Profile

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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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