The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Short Interest Up 108.5% in September

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 17,100 shares, an increase of 108.5% from the August 31st total of 8,200 shares. Based on an average daily trading volume, of 470,300 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Madison Avenue Partners LP lifted its position in shares of The Central and Eastern Europe Fund by 29.8% in the 4th quarter. Madison Avenue Partners LP now owns 273,957 shares of the closed-end fund’s stock worth $2,671,000 after purchasing an additional 62,927 shares during the period. Bulldog Investors LLP increased its holdings in shares of The Central and Eastern Europe Fund by 728.7% during the fourth quarter. Bulldog Investors LLP now owns 272,227 shares of the closed-end fund’s stock valued at $2,654,000 after acquiring an additional 239,378 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in The Central and Eastern Europe Fund by 4.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 216,916 shares of the closed-end fund’s stock valued at $2,312,000 after purchasing an additional 9,180 shares in the last quarter. Institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Price Performance

Shares of CEE stock traded up $0.15 during trading hours on Friday, reaching $10.76. The stock had a trading volume of 4,060 shares, compared to its average volume of 15,921. The stock’s fifty day simple moving average is $10.48 and its 200 day simple moving average is $10.23. The Central and Eastern Europe Fund has a 12 month low of $7.98 and a 12 month high of $11.18.

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.