Short Interest in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Expands By 1,182.6%
by Doug Wharley · The Cerbat GemThe Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 16,225 shares, a growth of 1,182.6% from the May 31st total of 1,265 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 30,215 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On The Central and Eastern Europe Fund
Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in shares of The Central and Eastern Europe Fund during the 2nd quarter worth approximately $179,000. Raymond James Financial Inc. increased its stake 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 valued at $259,000 after acquiring an additional 1,291 shares in the last quarter. Silver Point Capital L.P. lifted its position in shares of The Central and Eastern Europe Fund by 9.6% during the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock valued at $868,000 after acquiring an additional 4,900 shares during the period. Osaic Holdings Inc. acquired a new position in shares of The Central and Eastern Europe Fund during the 2nd quarter valued at $128,000. Finally, Bulldog Investors LLP boosted its stake in The Central and Eastern Europe Fund by 440.9% during the third quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock worth $1,111,000 after acquiring an additional 58,971 shares in the last quarter. 34.41% of the stock is currently owned by institutional investors.
The Central and Eastern Europe Fund Price Performance
NYSE CEE traded down $0.30 during mid-day trading on Friday, reaching $20.52. 55,773 shares of the stock were exchanged, compared to its average volume of 26,464. The stock has a 50 day simple moving average of $20.92 and a 200-day simple moving average of $19.25. The Central and Eastern Europe Fund has a one year low of $14.25 and a one year high of $21.98.
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.