Short Interest in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Decreases By 26.1%

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 32,300 shares, a decrease of 26.1% from the February 13th total of 43,700 shares. Based on an average daily volume of 62,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CEE. Truffle Hound Capital LLC purchased a new stake in The Central and Eastern Europe Fund in the 4th quarter worth approximately $1,638,000. Rangeley Capital LLC purchased a new stake in The Central and Eastern Europe Fund in the 4th quarter worth approximately $1,212,000. Stifel Financial Corp increased its holdings in The Central and Eastern Europe Fund by 2.8% in the 4th quarter. Stifel Financial Corp now owns 95,579 shares of the closed-end fund’s stock worth $1,044,000 after acquiring an additional 2,616 shares in the last quarter. Almitas Capital LLC increased its holdings in The Central and Eastern Europe Fund by 1.1% in the 4th quarter. Almitas Capital LLC now owns 180,190 shares of the closed-end fund’s stock worth $1,968,000 after acquiring an additional 1,983 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in The Central and Eastern Europe Fund by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock worth $888,000 after acquiring an additional 1,700 shares in the last quarter. 34.41% of the stock is owned by hedge funds and other institutional investors.

The Central and Eastern Europe Fund Price Performance

Shares of NYSE CEE traded up $0.55 during midday trading on Friday, hitting $15.08. 132,042 shares of the company’s stock traded hands, compared to its average volume of 31,639. The Central and Eastern Europe Fund has a 1 year low of $9.11 and a 1 year high of $16.71. The firm has a fifty day moving average of $13.54 and a 200 day moving average of $11.96.

The Central and Eastern Europe Fund Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, December 30th were given a dividend of $0.3532 per share. This represents a dividend yield of 3.2%. The ex-dividend date was Monday, December 30th.

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.