The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Sees Large Decline in Short Interest

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a significant decrease in short interest in 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. Based on an average daily 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 short sold.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

A number of large investors have recently bought and sold shares of CEE. Royal Bank of Canada purchased a new stake in shares of The Central and Eastern Europe Fund in the first quarter valued at $1,036,000. Weiss Asset Management LP lifted its holdings in The Central and Eastern Europe Fund by 67.2% in the 1st quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock valued at $1,665,000 after purchasing an additional 36,569 shares in the last quarter. Wealth Care LLC purchased a new position in The Central and Eastern Europe Fund in the 1st quarter valued at about $584,000. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of The Central and Eastern Europe Fund by 67.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund’s stock worth $581,000 after purchasing an additional 12,793 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of The Central and Eastern Europe Fund by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock worth $640,000 after buying an additional 688 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Stock Performance

CEE traded up $0.44 during midday trading on Friday, reaching $21.58. 6,075 shares of the company’s stock were exchanged, compared to its average volume of 23,682. The Central and Eastern Europe Fund has a 1-year low of $14.25 and a 1-year high of $21.98. The business’s 50-day moving average price is $20.49 and its 200 day moving average price is $18.94.

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.