The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Short Interest Up 31.5% in November

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 26,700 shares, an increase of 31.5% from the October 31st total of 20,300 shares. Based on an average daily volume of 26,900 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV increased its stake in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,916 shares of the closed-end fund’s stock after purchasing an additional 9,180 shares during the quarter. 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 reporting period. Institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Stock Performance

Shares of CEE stock opened at $11.88 on Monday. The business has a fifty day simple moving average of $11.09 and a 200 day simple moving average of $10.71. The Central and Eastern Europe Fund has a twelve month low of $8.89 and a twelve month high of $13.36.

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.