The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Short Interest Up 55.6% in October

The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 18,200 shares, an increase of 55.6% from the September 30th total of 11,700 shares. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is presently 1.3 days.

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 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. 34.41% of the stock is owned by institutional investors.

The Central and Eastern Europe Fund Trading Up 0.2 %

Shares of NYSE:CEE traded up $0.02 on Friday, hitting $10.37. The company had a trading volume of 28,821 shares, compared to its average volume of 12,045. The firm's 50-day simple moving average is $10.43 and its two-hundred day simple moving average is $10.35. The Central and Eastern Europe Fund has a 1 year low of $8.22 and a 1 year high of $11.18.

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.