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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,136 shares, a drop of 66.4% from the April 30th total of 9,326 shares. Based on an average daily volume of 24,452 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

The Central and Eastern Europe Fund Price Performance

Shares of NYSE:CEE traded down $0.49 during midday trading on Friday, hitting $20.80. The company had a trading volume of 6,763 shares, compared to its average volume of 21,089. The Central and Eastern Europe Fund has a twelve month low of $14.25 and a twelve month high of $21.98. The business’s 50-day simple moving average is $19.80 and its 200-day simple moving average is $18.55.

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. Investors Research Corp acquired a new stake in The Central and Eastern Europe Fund during the fourth quarter worth $69,000. Osaic Holdings Inc. acquired a new stake in The Central and Eastern Europe Fund during the second quarter worth $128,000. XTX Topco Ltd acquired a new stake in The Central and Eastern Europe Fund during the second quarter worth $179,000. Raymond James Financial Inc. increased its stake in The Central and Eastern Europe Fund by 8.4% during the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock worth $259,000 after acquiring an additional 1,291 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in The Central and Eastern Europe Fund during the third quarter worth $331,000. Institutional investors and hedge funds 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.