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 significant growth in short interest during the month of 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 trading volume of 14,100 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds 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 increased its holdings in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 216,916 shares of the closed-end fund’s stock after purchasing an additional 9,180 shares during the period. Nations Financial Group Inc. IA ADV owned approximately 3.44% of The Central and Eastern Europe Fund worth $2,312,000 at the end of the most recent quarter. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

The Central and Eastern Europe Fund Price Performance

Shares of The Central and Eastern Europe Fund stock opened at $10.61 on Tuesday. The Central and Eastern Europe Fund has a twelve month low of $8.22 and a twelve month high of $11.18. The company’s fifty day moving average is $10.43 and its 200 day moving average 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.