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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the target of a large drop in short interest in 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 trading volume, of 24,452 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its position 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 purchasing an additional 688 shares during the period. Raymond James Financial Inc. lifted 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 during the period. Investors Research Corp acquired a new position in shares of The Central and Eastern Europe Fund in the 4th quarter worth approximately $69,000. Silver Point Capital L.P. lifted its position in shares of The Central and Eastern Europe Fund by 9.6% in the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock worth $868,000 after purchasing an additional 4,900 shares during the period. Finally, Osaic Holdings Inc. acquired a new position in shares of The Central and Eastern Europe Fund in the 2nd quarter worth approximately $128,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Stock Down 2.3%

NYSE:CEE traded down $0.49 during mid-day trading on Friday, hitting $20.80. 6,763 shares of the company’s stock were exchanged, compared to its average volume of 21,101. The company has a 50 day simple moving average of $19.80 and a 200-day simple moving average of $18.53. 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 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.