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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 3,760 shares, a decline of 76.8% from the June 15th total of 16,225 shares. Based on an average daily volume of 28,242 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

The Central and Eastern Europe Fund Stock Performance

NYSE CEE traded up $0.11 on Friday, reaching $21.07. The company had a trading volume of 13,584 shares, compared to its average volume of 24,368. The Central and Eastern Europe Fund has a fifty-two week low of $14.25 and a fifty-two week high of $21.98. The business has a 50 day moving average of $20.99 and a two-hundred day moving average of $19.52.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada bought a new position in shares of The Central and Eastern Europe Fund during the first quarter worth about $1,036,000. Weiss Asset Management LP boosted its holdings in The Central and Eastern Europe Fund by 67.2% in the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock valued at $1,665,000 after acquiring an additional 36,569 shares during the last quarter. Wealth Care LLC bought a new stake in The Central and Eastern Europe Fund in the first quarter valued at approximately $584,000. Patriot Financial Group Insurance Agency LLC increased its position in The Central and Eastern Europe Fund by 67.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund’s stock valued at $581,000 after purchasing an additional 12,793 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in The Central and Eastern Europe Fund by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock valued at $640,000 after purchasing an additional 688 shares during the period. Institutional investors and hedge funds own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.