The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Stock Short Interest Report for October

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,021 shares, a growth of 418.2% from the September 30th total of 583 shares. Based on an average daily volume of 11,511 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

The Central and Eastern Europe Fund Stock Performance

Shares of CEE traded up $0.09 during trading hours on Tuesday, hitting $18.82. The stock had a trading volume of 5,507 shares, compared to its average volume of 23,260. The stock has a fifty day moving average price of $19.44 and a 200 day moving average price of $19.77. The Central and Eastern Europe Fund has a 12 month low of $14.82 and a 12 month high of $21.98.

Institutional Trading of The Central and Eastern Europe Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CEE. Susquehanna International Group LLP bought a new stake in The Central and Eastern Europe Fund during the second quarter valued at about $282,000. Almitas Capital LLC purchased a new position in shares of The Central and Eastern Europe Fund in the second quarter valued at $3,560,000. Silver Point Capital L.P. purchased a new position in shares of The Central and Eastern Europe Fund in the 2nd quarter worth $1,171,967. Royal Bank of Canada bought a new stake in The Central and Eastern Europe Fund during the first quarter worth approximately $1,036,000. Finally, Weiss Asset Management LP increased its position in shares of The Central and Eastern Europe Fund by 67.2% during 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 during the last quarter. 34.41% of the stock is owned by hedge funds and other institutional investors.

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 by investing primarily in equity securities of companies located in, or with significant business activities in, Central and Eastern Europe.

The fund provides investors with diversified exposure to regional public markets across sectors such as financial services, industrials, consumer goods, energy, telecommunications and utilities. Its portfolio may include companies in countries such as Poland, Hungary, the Czech Republic, Turkey and other emerging European markets, although geographic and sector allocations can change over time.

The fund was established in 1990 and was formerly known as The Central European Equity Fund, Inc It is managed by an investment adviser within the abrdn asset-management organization.