The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Short Interest Update

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 11,100 shares, an increase of 60.9% from the July 31st total of 6,900 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Capital Wealth Advisors bought a new position in shares of The Central and Eastern Europe Fund during the fourth quarter worth about $135,000. Nations Financial Group Inc. IA ADV lifted its position in shares of The Central and Eastern Europe Fund by 79.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 207,736 shares of the closed-end fund’s stock worth $1,978,000 after purchasing an additional 92,220 shares during the period. Bulldog Investors LLP increased its position in shares of The Central and Eastern Europe Fund by 728.7% during the fourth quarter. Bulldog Investors LLP now owns 272,227 shares of the closed-end fund’s stock worth $2,654,000 after buying an additional 239,378 shares during the period. Finally, Madison Avenue Partners LP raised its stake in The Central and Eastern Europe Fund by 29.8% during the fourth quarter. Madison Avenue Partners LP now owns 273,957 shares of the closed-end fund’s stock worth $2,671,000 after buying an additional 62,927 shares during the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Stock Down 1.6 %

NYSE CEE opened at $10.35 on Thursday. The Central and Eastern Europe Fund has a fifty-two week low of $7.98 and a fifty-two week high of $11.18. The firm’s fifty day moving average price is $10.62 and its two-hundred day moving average price is $10.12.

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.