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

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

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Hedge funds have recently added to or reduced their stakes in the stock. Silver Point Capital L.P. acquired a new position in The Central and Eastern Europe Fund in the second quarter valued at about $1,171,967. Royal Bank of Canada bought a new stake in shares of The Central and Eastern Europe Fund in the 1st quarter valued at $1,036,000. Almitas Capital LLC acquired a new position in The Central and Eastern Europe Fund in the second quarter valued at about $3,560,000. Wealth Care LLC bought a new stake in shares of The Central and Eastern Europe Fund in the first quarter worth about $584,000. Finally, Weiss Asset Management LP boosted its stake 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 worth $1,665,000 after purchasing an additional 36,569 shares during the period. Institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Stock Down 4.0%

Shares of NYSE CEE traded down $0.76 during midday trading on Friday, reaching $18.12. 336 shares of the company traded hands, compared to its average volume of 24,320. The Central and Eastern Europe Fund has a 12 month low of $14.76 and a 12 month high of $21.98. The stock’s 50-day simple moving average is $20.22 and its 200-day simple moving average is $20.23.

The Central and Eastern Europe Fund Company Profile

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.