Trade Summary
5 months ago, Saba Capital Management, L.P., serving as 10% owner at New Germany Fund Inc (GF), purchased 9,796 shares at $12.01 per share, for a total transaction value of $117,650.00. Following this transaction, Saba Capital Management, L.P. now holds 1,948,185 shares of GF.
This purchase represents a 1.00% increase in Saba Capital Management, L.P.'s stake in the company. This is considered a medium-conviction trade.
The trade was executed on Friday, July 18, 2025 and publicly disclosed via SEC Form 4 filing on Monday, July 21, 2025, 3 days after the trade was made.
New Germany Fund Inc operates in the FINANCIAL SERVICES sector, specifically within the ASSET MANAGEMENT industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.