The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Short Interest Up 55.6% in October

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 18,200 shares, a growth of 55.6% from the September 30th total of 11,700 shares. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

A hedge fund recently raised its stake in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV boosted its position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,916 shares of the closed-end fund’s stock after buying an additional 9,180 shares during the period. Nations Financial Group Inc. IA ADV owned 3.44% of The Central and Eastern Europe Fund worth $2,312,000 as of its most recent SEC filing. 34.41% of the stock is owned by hedge funds and other institutional investors.

The Central and Eastern Europe Fund Stock Up 2.3 %

Shares of NYSE:CEE opened at $10.61 on Tuesday. The Central and Eastern Europe Fund has a fifty-two week low of $8.22 and a fifty-two week high of $11.18. The firm’s 50 day moving average price is $10.43 and its 200 day moving average price is $10.35.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.