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In a recent transaction, Saba Capital Management, L.P., a significant shareholder in New Germany Fund Inc. (NYSE:GF), acquired 46,117 shares of the company’s common stock. This purchase, executed on May 20, 2025, was made at a price of $11.05 per share, totaling approximately $509,592. The timing is notable as GF trades near its 52-week high of $11.40, with the stock showing remarkable momentum, gaining over 42% in the past six months. According to InvestingPro analysis, the stock’s RSI indicates overbought territory. Following this acquisition, Saba Capital now holds 1,933,583 shares indirectly in the $183.9M market cap fund. The transaction highlights Saba Capital’s continued investment in New Germany Fund, reflecting their strategic interest in the company, which has maintained dividend payments for 19 consecutive years, currently yielding 0.33%. For more detailed insights and additional ProTips on GF, visit InvestingPro.
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