Tue Oct 01 03:44:58 UTC 2024: ## Short Interest in The New Germany Fund Jumps 6.6%

**NEW YORK, NY – September 30, 2024** – The New Germany Fund, Inc. (NYSE: GF) saw a notable increase in short interest during September. As of September 15th, short interest totaled 14,500 shares, representing a 6.6% jump from the August 31st total of 13,600 shares. This surge comes despite a relatively low short-interest ratio of 0.4 days, calculated based on an average daily volume of 34,800 shares.

Meanwhile, several institutional investors have been actively buying and selling shares of The New Germany Fund. Allspring Global Investments Holdings LLC expanded its position by 1.0% in the second quarter, now owning 2,361,549 shares valued at $19,211,000. Logan Stone Capital LLC also increased its stake by 14.4% during the same period, holding 96,506 shares worth $785,000. Wolverine Asset Management LLC significantly boosted its holdings by 88.9%, now owning 109,644 shares valued at $892,000. New entrants to the investor landscape include Karpus Management Inc., who acquired a new stake in the fourth quarter valued at approximately $200,000, and Matisse Capital, which increased its holdings by 23.3% in the second quarter, holding 75,215 shares worth $612,000.

Shares of The New Germany Fund traded down $0.03 during midday trading on Monday, reaching $8.93. The company’s stock volume was 10,157 shares, significantly lower than its average volume of 33,624. The fund’s 12-month low is $7.38, while its 12-month high is $8.99. The 50-day simple moving average sits at $8.40, and the 200-day simple moving average stands at $8.47.

The New Germany Fund Inc., a closed-ended equity mutual fund launched by Deutsche Investment Management Americas Inc, is managed by Deutsche Asset Management International GmbH. It focuses on investing in the German public equity markets, targeting companies across various sectors.

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