The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) was the target 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 trading volume of 14,100 shares, the short-interest 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 increased its position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) by 4.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 216,916 shares of the closed-end fund’s stock after buying an additional 9,180 shares during the quarter. Nations Financial Group Inc. IA ADV owned about 3.44% of The Central and Eastern Europe Fund worth $2,312,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 34.41% of the company’s stock.
The Central and Eastern Europe Fund Price Performance
Shares of NYSE CEE traded up $0.02 during midday trading on Friday, hitting $10.37. 28,821 shares of the company’s stock were exchanged, compared to its average volume of 12,045. The Central and Eastern Europe Fund has a twelve month low of $8.22 and a twelve month high of $11.18. The firm’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $10.34.
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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