The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) saw a significant increase in short interest in 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 trading volume of 26,900 shares, the days-to-cover ratio is currently 1.0 days.
The Central and Eastern Europe Fund Stock Performance
Shares of NYSE:CEE opened at $11.88 on Monday. The company’s fifty day moving average is $11.09 and its 200-day moving average is $10.71. The Central and Eastern Europe Fund has a 52 week low of $8.89 and a 52 week high of $13.36.
Hedge Funds Weigh In On The Central and Eastern Europe Fund
An institutional investor recently raised its position in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV raised its position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,016 shares of the closed-end fund’s stock after buying an additional 1,100 shares during the period. Nations Financial Group Inc. IA ADV owned about 3.46% of The Central and Eastern Europe Fund worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 34.41% of the company’s stock.
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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