Short Interest in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Decreases By 76.8%

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 3,760 shares, a decrease of 76.8% from the June 15th total of 16,225 shares. Based on an average trading volume of 28,242 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in The Central and Eastern Europe Fund during the 2nd quarter worth $179,000. Raymond James Financial Inc. boosted its position in The Central and Eastern Europe Fund by 8.4% in the 2nd quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after buying an additional 1,291 shares during the last quarter. Silver Point Capital L.P. boosted its position in The Central and Eastern Europe Fund by 9.6% in the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock valued at $868,000 after buying an additional 4,900 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in shares of The Central and Eastern Europe Fund during the second quarter valued at about $128,000. Finally, Bulldog Investors LLP grew its stake in shares of The Central and Eastern Europe Fund by 440.9% during the third quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock valued at $1,111,000 after acquiring an additional 58,971 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

Shares of NYSE:CEE traded down $0.26 during midday trading on Monday, hitting $20.83. 9,944 shares of the company’s stock traded hands, compared to its average volume of 24,368. The firm’s fifty day moving average price is $21.00 and its two-hundred day moving average price is $19.55. The Central and Eastern Europe Fund has a twelve month low of $14.25 and a twelve month high of $21.98.

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.