Saba Capital Management, L.P., a 10% owner of NEW GERMANY FUND INC (GF), acquired 140,564 shares on April 7, 2026, for approximately $1.49 million. The shares were purchased at an average price of $10.63 per share.
This significant purchase by a major stakeholder is often interpreted as a bullish signal, suggesting confidence in the company's future performance. This recent transaction follows a series of other acquisitions by Saba Capital Management, L.P. in the preceding weeks.