The New Germany Fund, Inc. (NYSE:GF) Short Interest Down 46.5% in July

The New Germany Fund, Inc. (NYSE:GF) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 8,451 shares, a decrease of 46.5% from the June 30th total of 15,808 shares. Based on an average daily volume of 22,689 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of The New Germany Fund

Several institutional investors have recently modified their holdings of GF. Saba Capital Management L.P. raised its stake 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. Lazard Asset Management LLC increased its holdings in The New Germany Fund by 3.0% in the 2nd quarter. Lazard Asset Management LLC now owns 2,367,413 shares of the investment management company’s stock valued at $28,266,000 after buying an additional 69,916 shares during the period. Bulldog Investors LLP increased its holdings in The New Germany Fund by 6.1% in the 1st quarter. Bulldog Investors LLP now owns 532,074 shares of the investment management company’s stock valued at $5,438,000 after buying an additional 30,817 shares during the period. Evolve Private Wealth LLC acquired a new position in shares of The New Germany Fund in the 4th quarter valued at $303,000. Finally, Altium Capital Management LLC acquired a new position in shares of The New Germany Fund in the 1st quarter valued at $255,000.

The New Germany Fund Stock Up 1.0%

Shares of GF traded up $0.11 during trading hours on Thursday, reaching $11.33. 11,707 shares of the company traded hands, compared to its average volume of 33,728. The stock’s fifty day moving average is $11.63 and its 200 day moving average is $11.58. The New Germany Fund has a 1-year low of $9.98 and a 1-year high of $12.82.

The New Germany Fund Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 29th. Shareholders of record on Tuesday, May 26th were issued a $0.154 dividend. This is a positive change from The New Germany Fund’s previous dividend of $0.13. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a yield of 261.0%.

The New Germany Fund Company Profile

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.