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

by · The Cerbat Gem

The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,265 shares, a drop of 59.7% from the May 14th total of 3,136 shares. Based on an average trading volume of 17,756 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Hedge funds have recently bought and sold shares of the stock. Investors Research Corp bought a new stake in The Central and Eastern Europe Fund during the fourth quarter valued at approximately $69,000. Osaic Holdings Inc. bought a new stake in The Central and Eastern Europe Fund during the second quarter valued at approximately $128,000. XTX Topco Ltd bought a new stake in The Central and Eastern Europe Fund during the second quarter valued at approximately $179,000. Raymond James Financial Inc. lifted its position 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 valued at $259,000 after purchasing an additional 1,291 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in The Central and Eastern Europe Fund during the third quarter valued at approximately $331,000. 34.41% of the stock is currently owned by institutional investors.

The Central and Eastern Europe Fund Price Performance

Shares of CEE stock traded up $0.44 during trading hours on Friday, reaching $21.58. The stock had a trading volume of 6,075 shares, compared to its average volume of 23,682. The stock’s fifty day simple moving average is $20.49 and its 200 day simple moving average is $18.94. The Central and Eastern Europe Fund has a 12 month low of $14.25 and a 12 month high of $21.98.

The Central and Eastern Europe Fund Company Profile

(Get Free Report)

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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