The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Sees Large Increase in Short Interest

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large growth in short interest in 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 volume of 15,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

Several hedge funds and other institutional investors have recently modified their holdings of CEE. Madison Avenue Partners LP raised its position in The Central and Eastern Europe Fund by 29.8% in the 4th quarter. Madison Avenue Partners LP now owns 273,957 shares of the closed-end fund’s stock valued at $2,671,000 after purchasing an additional 62,927 shares during the last quarter. Bulldog Investors LLP raised its position in The Central and Eastern Europe Fund by 728.7% in the 4th quarter. Bulldog Investors LLP now owns 272,227 shares of the closed-end fund’s stock valued at $2,654,000 after purchasing an additional 239,378 shares during the last quarter. Vanguard Capital Wealth Advisors bought a new position in The Central and Eastern Europe Fund in the 4th quarter valued at $135,000. Investment Partners Asset Management Inc. bought a new stake in shares of The Central and Eastern Europe Fund during the fourth quarter worth $305,000. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of The Central and Eastern Europe Fund by 26.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 111,016 shares of the closed-end fund’s stock worth $897,000 after acquiring an additional 23,000 shares during the last quarter. Institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Price Performance

Shares of NYSE:CEE traded up $0.14 during trading on Monday, hitting $9.61. 25,968 shares of the stock were exchanged, compared to its average volume of 18,473. The Central and Eastern Europe Fund has a 1-year low of $7.81 and a 1-year high of $10.32. The company’s fifty day simple moving average is $9.65 and its 200-day simple moving average is $9.27.

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.