The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Shares Shorted: Short Interest Down 74.4% in September

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 583 shares, a drop of 74.4% from the September 15th total of 2,279 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 18,174 shares, the short-interest ratio is currently 0.0 days.

The Central and Eastern Europe Fund Stock Performance

Shares of CEE stock traded up $0.41 on Monday, hitting $18.57. The stock had a trading volume of 16,816 shares, compared to its average volume of 23,885. The Central and Eastern Europe Fund has a one year low of $14.82 and a one year high of $21.98. The business has a 50 day moving average price of $19.93 and a 200 day moving average price of $20.26.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new stake in shares of The Central and Eastern Europe Fund in the 2nd quarter valued at about $282,000. Almitas Capital LLC purchased a new stake in shares of The Central and Eastern Europe Fund in the 2nd quarter worth approximately $3,560,000. Silver Point Capital L.P. purchased a new stake in shares of The Central and Eastern Europe Fund in the 2nd quarter worth approximately $1,171,967. Royal Bank of Canada bought a new position in shares of The Central and Eastern Europe Fund during the first quarter valued at approximately $1,036,000. Finally, Weiss Asset Management LP boosted its stake in shares of The Central and Eastern Europe Fund by 67.2% during 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 purchasing an additional 36,569 shares in the last quarter. Hedge funds and other institutional investors own 34.41% of the company’s stock.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end investment company focused on long-term capital appreciation. The fund invests primarily in equity securities of companies located in, or deriving a significant portion of their business from, Central and Eastern Europe.

Its portfolio may include companies across markets such as Poland, Hungary, the Czech Republic, Romania, Turkey and other countries in the region. Investments can span multiple industries and may include common stocks, preferred stocks, debt securities and other investment instruments, giving shareholders exposure to developing European economies through a professionally managed portfolio.

The fund is advised by Lazard Asset Management LLC.