Short Interest in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Decreases By 32.4%

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 17,500 shares, a decrease of 32.4% from the November 30th total of 25,900 shares. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

A hedge fund recently raised its stake in The Central and Eastern Europe Fund stock. Nations Financial Group Inc. IA ADV raised its holdings in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,016 shares of the closed-end fund’s stock after buying an additional 1,100 shares during the period. Nations Financial Group Inc. IA ADV owned about 3.46% of The Central and Eastern Europe Fund worth $2,337,000 at the end of the most recent reporting period. 34.41% of the stock is currently owned by institutional investors.

The Central and Eastern Europe Fund Stock Down 0.6 %

CEE traded down $0.07 during trading on Friday, reaching $11.59. The company had a trading volume of 20,387 shares, compared to its average volume of 19,259. The business has a 50 day simple moving average of $11.65 and a 200-day simple moving average of $10.90. The Central and Eastern Europe Fund has a 52 week low of $9.11 and a 52 week high of $13.36.

The Central and Eastern Europe Fund Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be issued a $0.3532 dividend. The ex-dividend date is Monday, December 30th. This represents a dividend yield of 3.2%.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.