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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large growth in short interest in 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. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 30,215 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

Several institutional investors have recently made changes to their positions in the stock. Freestone Capital Holdings LLC increased its position in The Central and Eastern Europe Fund by 295.2% in the 4th quarter. Freestone Capital Holdings LLC now owns 177,858 shares of the closed-end fund’s stock valued at $3,148,000 after buying an additional 132,858 shares in the last quarter. Bulldog Investors LLP raised its stake in The Central and Eastern Europe Fund by 440.9% during the 3rd quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock worth $1,111,000 after buying an additional 58,971 shares during the period. Investors Research Corp bought a new position in The Central and Eastern Europe Fund in the fourth quarter worth approximately $69,000. Weiss Asset Management LP boosted its holdings in The Central and Eastern Europe Fund by 67.2% in the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock worth $1,665,000 after acquiring an additional 36,569 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in The Central and Eastern Europe Fund in the third quarter valued at approximately $331,000. Institutional investors and hedge funds own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Stock Down 0.8%

NYSE CEE traded down $0.17 on Friday, hitting $20.65. 7,058 shares of the company were exchanged, compared to its average volume of 24,563. The Central and Eastern Europe Fund has a 12 month low of $14.25 and a 12 month high of $21.98. The stock has a fifty day moving average of $20.93 and a 200-day moving average of $19.24.

The Central and Eastern Europe Fund Company Profile

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.