The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,265 shares, a decrease of 59.7% from the May 14th total of 3,136 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 17,756 shares, the days-to-cover ratio is currently 0.1 days.
The Central and Eastern Europe Fund Trading Down 0.6%
CEE opened at $21.01 on Friday. The business’s 50-day moving average is $20.42 and its two-hundred day moving average is $18.90. The Central and Eastern Europe Fund has a 1 year low of $14.25 and a 1 year high of $21.98.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Investors Research Corp purchased a new position in The Central and Eastern Europe Fund in the fourth quarter worth $69,000. Osaic Holdings Inc. purchased a new stake in shares of The Central and Eastern Europe Fund during the 2nd quarter valued at $128,000. XTX Topco Ltd acquired a new stake in shares of The Central and Eastern Europe Fund in the 2nd quarter worth $179,000. Raymond James Financial Inc. boosted its position in shares of The Central and Eastern Europe Fund by 8.4% in the 2nd quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock worth $259,000 after purchasing an additional 1,291 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in The Central and Eastern Europe Fund during the 3rd quarter worth $331,000. 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 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.
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