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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,279 shares, a growth of 49.9% from the August 31st total of 1,520 shares. Based on an average daily volume of 11,635 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Almitas Capital LLC acquired a new position in The Central and Eastern Europe Fund in the second quarter valued at about $3,560,000. Weiss Asset Management LP lifted its position in The Central and Eastern Europe Fund by 67.2% during the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock worth $1,665,000 after purchasing an additional 36,569 shares during the period. Silver Point Capital L.P. bought a new position in The Central and Eastern Europe Fund in the 2nd quarter valued at about $1,171,967. Royal Bank of Canada bought a new position in The Central and Eastern Europe Fund in the 1st quarter valued at about $1,036,000. Finally, Janney Montgomery Scott LLC raised 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 valued at $640,000 after buying an additional 688 shares in the last quarter. 34.41% of the stock is owned by institutional investors.

The Central and Eastern Europe Fund Trading Down 4.0%

CEE stock traded down $0.76 during midday trading on Thursday, reaching $18.12. 11,115 shares of the company were exchanged, compared to its average volume of 24,320. The business has a 50-day moving average price of $20.27 and a two-hundred day moving average price of $20.22. The Central and Eastern Europe Fund has a one year low of $14.76 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 investment company that seeks long-term capital appreciation. The fund invests primarily in equity securities of companies located in Central and Eastern Europe.

Its portfolio may provide exposure to businesses across the region’s developing and emerging markets, with investments potentially spanning sectors such as financial services, industrials, consumer goods, energy and communications. The fund’s geographic focus can include markets such as Poland, the Czech Republic, Hungary and other countries in Central and Eastern Europe, subject to its investment policies and market conditions.

The fund commenced operations in 1990 and is managed as a publicly traded closed-end fund.