The New Germany Fund, Inc. (NYSE:GF – Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 16,100 shares, a growth of 53.3% from the May 15th total of 10,500 shares. Based on an average trading volume of 29,400 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of The New Germany Fund
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in shares of The New Germany Fund during the 4th quarter valued at approximately $45,000. Verdence Capital Advisors LLC bought a new position in shares of The New Germany Fund during the 4th quarter valued at approximately $83,000. PNC Financial Services Group Inc. grew its stake in shares of The New Germany Fund by 10.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,082 shares of the investment management company’s stock valued at $148,000 after acquiring an additional 1,487 shares during the period. Sanctuary Advisors LLC grew its stake in shares of The New Germany Fund by 68.8% during the 4th quarter. Sanctuary Advisors LLC now owns 23,831 shares of the investment management company’s stock valued at $201,000 after acquiring an additional 9,717 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of The New Germany Fund by 583.7% during 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 acquiring an additional 39,601 shares during the period.
The New Germany Fund Stock Down 1.7%
Shares of GF opened at $11.65 on Monday. The New Germany Fund has a one year low of $7.74 and a one year high of $12.06. The business has a fifty day moving average of $10.81 and a 200 day moving average of $9.47.
The New Germany Fund Cuts Dividend
The New Germany Fund Company Profile
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.
Further Reading
- Five stocks we like better than The New Germany Fund
- What is a penny stock? A comprehensive guide
- RH Stock Rockets on Surprise Profit and Tariff Shift
- Where Do I Find 52-Week Highs and Lows?
- Synopsys Stock Falls on China Ban, But Long-Term Outlook Holds
- What Investors Need to Know About Upcoming IPOs
- Alphabet Enters a Bull Market: Is It Time to Buy?
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.