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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 3,136 shares, a decline of 66.4% from the April 30th total of 9,326 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 24,452 shares, the days-to-cover ratio is presently 0.1 days.

The Central and Eastern Europe Fund Stock Performance

Shares of NYSE:CEE traded down $0.49 during mid-day trading on Friday, hitting $20.80. The company had a trading volume of 6,763 shares, compared to its average volume of 21,101. The firm has a fifty day moving average price of $19.80 and a 200 day moving average price of $18.53. The Central and Eastern Europe Fund has a one year low of $14.25 and a one year high of $21.98.

Institutional Trading of The Central and Eastern Europe Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada bought a new stake in The Central and Eastern Europe Fund during the 1st quarter valued at $1,036,000. Weiss Asset Management LP increased its stake in The Central and Eastern Europe Fund by 67.2% during the 1st 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. Wealth Care LLC bought a new stake in The Central and Eastern Europe Fund during the 1st quarter valued at $584,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of The Central and Eastern Europe Fund by 67.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund’s stock worth $581,000 after acquiring an additional 12,793 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of The Central and Eastern Europe Fund by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock worth $640,000 after acquiring an additional 688 shares in the last quarter. 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 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.