The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,900 shares, a growth of 26.7% from the March 15th total of 1,500 shares. Based on an average daily trading volume, of 15,800 shares, the short-interest ratio is currently 0.1 days.
The Central and Eastern Europe Fund Stock Up 1.5 %
The Central and Eastern Europe Fund stock traded up $0.14 during mid-day trading on Monday, hitting $9.61. The company's stock had a trading volume of 25,968 shares, compared to its average volume of 18,473. The Central and Eastern Europe Fund has a 52-week low of $7.81 and a 52-week high of $10.32. The firm's 50 day moving average is $9.65 and its 200 day moving average is $9.28.
Hedge Funds Weigh In On The Central and Eastern Europe Fund
A number of large investors have recently made changes to their positions in the business. Vanguard Capital Wealth Advisors purchased a new position in The Central and Eastern Europe Fund during the fourth quarter valued at approximately $135,000. Cannell Capital LLC acquired a new stake in shares of The Central and Eastern Europe Fund during the 1st quarter valued at $249,000. Investment Partners Asset Management Inc. purchased a new position in shares of The Central and Eastern Europe Fund during the 4th quarter valued at $305,000. Madison Avenue Partners LP acquired a new position in shares of The Central and Eastern Europe Fund in the fourth quarter worth $578,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of The Central and Eastern Europe Fund during the first quarter worth $762,000. Institutional investors and hedge funds own 34.41% of the company's stock.
About The Central and Eastern Europe Fund
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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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