The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) was the recipient of a large 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 The Central and Eastern Europe Fund stock traded up $0.07 during trading on Friday, hitting $11.88. The company’s stock had a trading volume of 9,141 shares, compared to its average volume of 19,269. The Central and Eastern Europe Fund has a 52 week low of $8.89 and a 52 week high of $13.36. The stock has a 50-day moving average price of $11.09 and a two-hundred day moving average price of $10.70.
Institutional Investors 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 grew its position in The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Free Report) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 218,016 shares of the closed-end fund’s stock after purchasing an additional 1,100 shares during the quarter. Nations Financial Group Inc. IA ADV owned approximately 3.46% of The Central and Eastern Europe Fund worth $2,337,000 as of its most recent filing with the SEC. 34.41% of the stock is currently owned by hedge funds and other institutional investors.
About The Central and Eastern Europe Fund
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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