The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 17,100 shares, a growth of 108.5% from the August 31st total of 8,200 shares. Based on an average trading volume of 470,300 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On The Central and Eastern Europe Fund
Several hedge funds and other institutional investors have recently modified their holdings of CEE. Madison Avenue Partners LP grew its position in 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 in the last quarter. Bulldog Investors LLP grew its position in shares of The Central and Eastern Europe Fund by 728.7% during the 4th 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 during the period. Finally, Nations Financial Group Inc. IA ADV lifted its stake in The Central and Eastern Europe Fund by 4.4% in the second 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 during the last quarter. Institutional investors own 34.41% of the company’s stock.
The Central and Eastern Europe Fund Stock Performance
Shares of NYSE:CEE traded up $0.15 on Friday, reaching $10.76. 4,060 shares of the company’s stock were exchanged, compared to its average volume of 15,921. The Central and Eastern Europe Fund has a twelve month low of $7.98 and a twelve month high of $11.18. The company has a fifty day moving average of $10.48 and a 200-day moving average of $10.23.
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.
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